In Empirical Analyses of Factors That Help Explain Wages

question 317

Multiple Choice

In empirical analyses of factors that help explain wages,

• A)effort and ability are not likely to contribute to large differences in wages in the U.S. economy.
• B)economists typically find that measurable factors explain less than half of the variation in wages.
• C)economists typically find few factors that are not explicitly measurable.
• D)unmeasurable influences on wage differences are found to be quite small.

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Definitions:

Fake Good

The tendency to present oneself in an overly favorable manner, often seen in social or evaluative situations.

Positive Self-presentation

The practice of intentionally displaying oneself in a positive light to others to enhance one's social image or influence perceptions.

Extrinsic Motivation

Motivation outside the self, such as money or praise from others.

High Conscientiousness

A distinctive feature highlighting a person's competence in being orderly, dependable, and having a solid sense of commitment.