"The Fact That a College Professor Who Has a Higher

question 65

Multiple Choice

"The fact that a college professor who has a higher marginal product earns a lower wage than a football coach,is proof that sports is valued more than education." Assuming that the markets for professors and coaches are competitive,one can conclude that this conclusion is essentially:

• A)accurate because the higher average wage shows that the demand for football coaches is higher than the demand for a faculty member.
• B)accurate because a higher marginal product indicates that college professors are more productive than football coaches and yet earn a lower wage.
• C)faulty because the number of professors employed is higher than the number of football coaches employed.
• D)faulty because wages depend not only on the marginal product of the worker but also on the price of the final product.

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Definitions:

Masked

Concealed or hidden, often used to describe data or information that has been anonymized or altered to prevent identification of individual sources.

Psychological Conflict

A mental struggle arising from opposing demands or impulses within an individual.

Biomedical Theories

A set of principles that explains diseases and physical abnormalities directly in terms of chemical, genetic, and physiological abnormalities.

Hysteria

A historical term for a psychological disorder, now largely outdated, once thought to involve emotional excess and physical symptoms without an identifiable physical cause.