Christy and Claudia are aspiring models. Talent scouts consider them to be similarly beautiful. Both enter a talent show. Claudia contracts food poisoning the night before the competition and withdraws. Christy wins the competition and signs a multi-million dollar contract. The differences in their earnings likely reflect
a. discrimination.
b. differences in human capital.
c. differences in signaling.
d. chance.
d
You might also like to view...
One of the sources of cyclical unemployment is _____
a. flexible wages b. sticky downward wages c. the constant movement of workers between jobs d. the fundamental changes in the nature of an economy
Last year residents of country A purchased $400 billion of foreign assets and $200 of foreign goods. Foreigners purchased $300 billion dollars of country A's assets. What was the value of country A's exports?
The opportunity cost of studying for an economics test is
A. The money you spent on tuition for the class. B. Negative because it may improve your grade. C. The activity that is the best alternative use of your time. D. Zero because you knew when you registered for the class that studying would be required.
Profit is the difference between ________ and ________.
a. total sales; total revenues b. total profits; total costs c. total revenues; total costs d. marginal costs; marginal revenues