In Determining Wages, Ability, Effort, and Chance

question 178

Multiple Choice

In determining wages, ability, effort, and chance

• A)probably play no role whatsoever.
• B)play a role, but their importance is hard to gauge since ability, effort, and chance are hard to measure.
• C)play a role, and that role is fully captured in easy-to-measure factors such as human capital and age.
• D)play a role, and it is fully explained within the context of compensating differentials.

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