One Reason Some People Earn More Than Others Is That

question 195

Multiple Choice

One reason some people earn more than others is that they have more education, training, and experiences, what economists call:

• A) labor market issues.
• B) statistical discrimination.
• C) labor arbitrage.
• D) signaling power.

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Definitions:

Market Area

The geographic region or demographic group served by a business or organization.

Divisional Structure

An organizational layout where operations are divided into separate divisions based on product, service, market, or geographic region, each with its own set of functions.

Same Product

Identical items or services offered under different names or by different companies, often with no significant difference in function or quality.

Same Area

Referring to either a physical space where activities or operations are conducted by a group or to a field of expertise or interest that individuals share.