ackboard QUESTION 59 The difference in wages paid to major league baseball playe

Question

ackboard QUESTION 59 The difference in wages paid to major league baseball players and minor -league baseball players is most likely due to a chance O b. a compensating differential c natural ability d the fact that the players' union is strong QUESTION 60 The accumulation of investments in people, such as education and on the job training, is known as O a. a union o b.efficiency wage. human capital. o d physical capital. QUESTION 61 The invisible hand of the marketplace acts to allocate resources o a neither fairly nor efficiently. b both fairly and efficiently C. faity but does not necessarily ensure that resources are allocated efficiently o d efficiently but does not necessarily ensure that resources are allocated fairly. QUESTION 62 A negative income tax system would a collect from high-income households and give transfers to low-income hous eholds b. make taxes more regressive. c eliminate progressive tax rates d. sever the link between tax policy and income distribution

Explanation / Answer

59. The correct answer is C.

60. The correct answer is C.

61. The correct answer is D.

62. The correct answer is D.

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