Which of the Following Is a Competitive Wage Determination

question 60

Multiple Choice

Which of the following is a competitive wage determination?

• A)People are all alike and jobs are alike leads to no wage differentials.
• B)People are all alike and jobs differ in attractiveness leads to compensating wage differentials.
• C)People differ but each type of labor is fixed in supply which leads to wage differentials that reflect supply and demand for segmented markets.
• D)People differ but there is some mobility among groups leads to general equilibrium pattern of wage differentials as determined by general demand and supply.
• E)All of the above are correct.

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Definitions:

Centration

A cognitive limitation in early childhood, where a child focuses only on one aspect of a situation or problem, neglecting other important factors.

Perspective

A particular attitude towards or way of regarding something; a point of view.

Egocentric

Pertaining to an inability to understand or consider the perspectives of others, focusing solely on one's own viewpoint.

Decentered

The cognitive ability to consider multiple aspects of a situation or to take another person’s perspective.