Which of the Following Explains Why Talented Major League Baseball

question 72

Multiple Choice

Which of the following explains why talented major league baseball players command much higher salaries than neurosurgeons?

• A) because the total value of baseball games is much higher than the total value of neurosurgery
• B) because it takes far more skill and training to be a major league baseball player than to be a neurosurgeon
• C) because the supply of talented major league baseball players is relatively low compared to the supply of neurosurgeons. Therefore, major league baseball players exert far more market power than neurosurgeon.
• D) because the supply of talented major league baseball players is low relative to its demand compared to the supply of neurosurgeons. Therefore, adding another player yields far greater marginal benefit than adding another neurosurgeon.

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Definitions:

Program Logic Model

A tool used in program evaluation that visually represents the relationships between a program's resources, activities, outputs, and intended outcomes.

Intermediate-term Changes

Transformations or developments that occur over a middle-range period, not immediately but not lasting long enough to be considered long-term.

Stakeholders

Individuals or groups who have an interest or stake in the outcome of a project, decision, or organization.

Community Policing

A law enforcement strategy that emphasizes building ties and working closely with members of the communities to reduce crime and improve relations.