A Difference in Wages Between a Highly-Educated Worker and a Less-Educated

question 332

Multiple Choice

A difference in wages between a highly-educated worker and a less-educated worker is

• A) a compensating differential for the cost of becoming educated.
• B) a signal that the market is indifferent to a worker's level of human capital.
• C) considered unfair by economists.
• D) considered unfair by everyone.

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Definitions:

Academic Self-concept

An individual's perception of their own academic abilities and potential.

Athletic Self-concept

An individual's perception of themselves in the context of athletic ability, physical fitness, and sports participation.

Conventional Stage

A phase in moral development where individuals' behavior is guided by conforming to the societal expectations and rules.

Moral Reasoning

The thought process involved in determining right from wrong and making ethical decisions.