A Compensation Structure That Generates Much Higher Pay Rates for the Top
A compensation structure that generates much higher pay rates for the top performers,while those whose productivity is only a little lower receive substantially less compensation is called
D)winner take all.
Assume that empirical evidence shows a difference in mean earnings between two groups,say,majority and minority workers.What conclusion may be drawn?
A)The group with the lower earnings is being discriminated against.
B)The group with the lower earnings is less productive.
C)The group with the higher earnings has a larger quantity of human capital.
D)Any of the above statements could,either partially or entirely,explain the difference in the mean earnings.
If a firm refuses to hire any minorities due to a personal prejudice,its profits will
C)not be affected.
(I)Productivity growth in the United States since 1996 has been more rapid than it was during the previous two decades.
(II)Economists believe that the more rapid productivity growth since 1996 is in large part due to the computer revolution and related technological innovations.
A)Both I and II are true.
B)I is true;II is false.
C)I is false;II is true.
D)Both I and II are false.