Many Minor League Ballplayers Get Called Up to Play in the Majors

question 38

Multiple Choice

Many minor league ballplayers get called up to play in the majors and then get sent back down again to the minors. Jim makes $26,000 in the minors and then when he gets called up he makes $125,000, though he never plays and is an unknown name to the fans. It is most likely true that

• A)Jim's productivity suddenly increases by $99,000 when he is called up to the majors.
• B)A portion of Jim's major league salary is economic rent.
• C)Jim was playing for way below the value of his marginal product in the minor leagues.
• D)Jim is irrational to accept only $26,000 in the minor leagues.

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Definitions:

Deregulating NLRA

The process of reducing or removing government regulations within the National Labor Relations Act, aimed at fostering more flexibility in employer-employee relations.

Collective Representation

A process by which a group acts together to promote its members' interests, often in negotiations with employers.

Management Efforts

The actions or initiatives undertaken by management to achieve organizational objectives, improve performance, or solve problems.

Stakeholder Theory

A theory of organizational management and business ethics that addresses morals and values in managing an organization, emphasizing the importance of all stakeholders.