Adam and Bob Are Identical Twins Who Attended Grammar School

question 145

Multiple Choice

Adam and Bob are identical twins who attended grammar school through high school together. Adam got a job after high school, and Bob got a job after graduating from college. Adam earns $36,000 a year, and Bob earns $69,000 a year. Select the best explanation for this wage difference.

• A)Adam has less human capital than Bob.
• B)Bob has less human capital than Adam.
• C)Adam has received a compensating differential
• D)Adam is a member of a union.

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Payout Rates

The proportion of earnings or profits distributed to shareholders or participants, usually expressed as a percentage of the investment.

State Lotteries

are government-run gambling games that offer large cash prizes, often contributing to public sector funding, including education.

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Total spending by government agencies on goods, services, and public projects.