Question
In: Economics
Which of the following statements is not correct?
Which of the following statements is not correct?
A.It is possible that additional education will increase a worker's wage without increasing the worker's productivity. | ||
B. If discriminating wage differentials persist in competitive markets, it is primarily because either consumers are willing to pay to maintain the discrimination or because government mandates it. | ||
C. An efficiency wage corresponds to a lower wage that a nondiscriminating employer pays to a worker because a discriminating employer won't hire her. | ||
D. In competitive markets, workers are paid a wage equal to the value of their marginal product. |
Solutions
Expert Solution
All the statements are correct except an efficiency wage corresponds to a lower wage that a non discriminating employer pays to a worker because a discriminating employer wouldn't hire her.
The answer is option C
Rahul Sunny answered 2 years agoRelated Solutions
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