A. Attractive people tend to earn less because attractive people are viewed as shallow and more self-absorbed and therefore, as less productive
B. Attractive people tend to earn more because they may actually have a larger value of marginal product
C. Attractive people tend to earn more because attractive people usually have greater human capital
D. Attractive people tend to earn less because attractive people usually have less human capital
Related Mcqs:
- Which of the following is not true with regard to workers who have a high value of marginal product? These workers ?
A. have skills that are in relatively scarce supply
B. produce output for which there is great demand
C. usually have little capital with which to work
D. are usually highly paid - Which of the following help explain why firms pay bonuses to workers during particularly profitable years to prevent workers from becoming disgruntled ?
A. people are rational maximizers
B. People are reluctant to change their minds
C. People are inconsistent over time
D. People care about fairness - Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?
A. decrease in the demand for unskilled workers because of increases in technology and increases in international trade
B. increase in the number of unskilled workers available due to immigration into the UK.
C. decrease in the demand for unskilled workers are more poorly educated
D. increase in the number of unskilled workers available because workers are more poorly educated - Different workers or group of workers separate the production works and trade into__________processes. What this separation is called?
A. Divided Labor
B. Closed shop
C. Division of Labor
D. Open shop - If the total product of two workers is 80 and the total product of 3 workers is 90 then the average product of the third worker is ________ and the marginal product of the third worker is _________?
A. 160; 270
B. 10; 30
C. 10; 3.33
D. 30; 10 - Which of the following statements regarding discrimination is true ?
A. The existence of a wage differential among groups is strong evidence of discrimination in the labour market
B. Discrimination can only persist in a competitive labour market it customers are willing to pay to maintain the discriminatory practice or the government requires discrimination
C. Bigoted employers are the main source of a persistent discriminatory wage differential in a competitive market
D. Discrimination cannot exist in a competitive labor market - In an economy measuring (1) total value added (2)total spending on final goods and (3)total factor earning gives the result that ?
A. 3>2>1
B. 3=2=1
C. 3<2<1
D. any measure can be larger or smaller than any other - When supply increase in an agricultural market farmer’s earning might fall because ?
A. Supply is price elastic
B. Demand is price inelastic
C. The government buys up all the excess production
D. All output must be sold at a maximum price - How much of the total export earning is through agriculture ?
A. 45%
B. 55%
C. 60%
D. 65% - Which one is the dominant source of foreign exchange earning ?
A. Textile
B. Foreign remittance
C. Agriculture
D. Manufacturing
