Question: Which statement is true? a) Differences in wage rates are explained entirely by differences in productivity. b) Differences in wage rates are explained entirely by

Which statement is true?

a) Differences in wage rates are explained entirely by differences in productivity.

b) Differences in wage rates are explained entirely by differences in education and training.

c) Differences in wage rates are explained entirely by whom you know (rather than what you know).

d) None of the above.

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