Under the Roy Model,each Worker Self-Selects into a Job on the Basis

question 19

Multiple Choice

Under the Roy model,each worker self-selects into a job on the basis of ______ and ______.

• A) comparative advantage;the prevailing prices in the market
• B) single-dimension ability;the prevailing prices in the market
• C) his bundle of skills;ability-unadjusted productivity
• D) comparative advantage;ability-unadjusted productivity
• E) single-dimension ability;his comparative advantage

---

Definitions:

Power of the Test

The probability of correctly rejecting a false null hypothesis, indicating a test's ability to detect an effect if there is one.

Unemployment Rate

The portion of employment-seeking individuals in the workforce who are presently without a job.

Random Sample

A sampling method where each member of a population has an equal chance of being selected, minimizing bias and making the sample representative of the population.

Statistics Canada

The national statistical office of Canada, which provides economic, social, and census data.