Question

The earnings of workers _____. a. depend on the marginal benefit they receive from an activity b. do not depend on their general ability and effort c. do not depend on the college attended

Answer 1

Answer:

The correct answer is (D) D. depend on the highest degree earned

Explanation:

Wages of employees are determined by seeing their highest degree and their experience. The most important factor nowadays, which can impact the earnings of workers is the highest degree earned.  PhD employees earn more compared to the employees who have a master’s degree, and employees with a master’s degree earn more compared to employees with 16 years of education.