Asked by
Gabriel Ávila
on Dec 12, 2024
Verified
If all persons had identical preferences and productivity factors (ability, skill level, education, experience, etc.) , the highest paying jobs would be the most
A) prestigious.
B) convenient.
C) undesirable.
D) easily learned.
Identical Preferences
The notion that two or more individuals value choices or outcomes in exactly the same way, having congruent likes and dislikes.
Productivity Factors
Elements that influence the efficiency and effectiveness with which resources are transformed into goods and services.
Highest Paying
Describing occupations or jobs that offer the most significant amount of monetary compensation.
- Understand the factors that cause variations in salaries among different nations.
- Gain an insight into the correlation between productivity and financial returns for countries and their citizens.
Verified Answer
MN
Learning Objectives
- Understand the factors that cause variations in salaries among different nations.
- Gain an insight into the correlation between productivity and financial returns for countries and their citizens.