Which of the following explanations of wage differentials is not likely to be true ?

Related Mcqs:

The downward sloping marginal physical product of labor is the firm’s ?

A. Supply of labor B. Short-run demand curve for labor C. marginal cost of labour marginal revenue product of labor...

The participation rate in the labour force is affected by ?

A. higher real wages B. lower fixed costs of working C. lower non-labour income D. changes in tastes between leisure and work E. all of the above...

The value of an asset depends upon ?

A. its scrap values B. its depreciation C. the present value of the future stream of income it can earn D. the cost of loans...

Involuntary unemployment exists if workers ?

A. will not work at the offered wage B. would work at the going wage but can’t find jobs C. will not work because the hours are anti-social D. Are not prepared to move house to get the job...

Skilled labor is relatively scarce because ?

A. there are too few teachers B. too few student places in higher education C. it is costly to acquire human capital D. teachers’ salaries are too low...