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A. is not likely to be related to productivity differences.
B. is a barrier to obtaining an education.
C. does not affect the supply of workers in the different labor markets.
D. encourages workers to bear the cost of acquiring education
Q2. Jill is the best eye surgeon in town, and she earns $350,000 a year. Susan is an average eye surgeon in town, and she earns $100,000 a year. Jill's skills as a surgeon
A. are valued more by the market relative to Susan's and that explains why her income is higher than Susan's.
B. are valued less by the market relative to Susan's and that explains why her income is higher than Susan's.
C. are valued less by the market relative to Susan's and that explains why her income is lower than Susan's.
D. are more expensive because she receives a compensating differential.
B. is a barrier to obtaining an education.
C. does not affect the supply of workers in the different labor markets.
D. encourages workers to bear the cost of acquiring education
Q2. Jill is the best eye surgeon in town, and she earns $350,000 a year. Susan is an average eye surgeon in town, and she earns $100,000 a year. Jill's skills as a surgeon
A. are valued more by the market relative to Susan's and that explains why her income is higher than Susan's.
B. are valued less by the market relative to Susan's and that explains why her income is higher than Susan's.
C. are valued less by the market relative to Susan's and that explains why her income is lower than Susan's.
D. are more expensive because she receives a compensating differential.