Chapter $20$ Homework

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For each of the scenarios in the following table, indicate the most likely reason for the difference in earnings.

$\backslash$table$[[$Scenario$,$Differences in Human Capital,Compensating Differential,Differences in Ability,Labor Unions$],[$Major league hockey goalies earn more than minor league hockey goalies.,$-,$O$,$O$,$O$],[$A law firm hires Maria, a recent graduate from law school, and pays her an annual wage of $$40,000.$ It also hires Hilary, a second$-$year law student, and pays her an annual wage of $$30,000.$ Maria and Hilary were born in the same country, attended the same university, and studied in the same graduate program.,O$,$O$,$O$,$O$],[$Two automotive technicians have the same amount of schooling and work experience, but earn different wages. The first works the day shift for an auto manufacturer factory for an annual wage of $$53,000$ per year, and the second works the night shift for the same company for an annual wage of $$60,000$ per year.,O$,$O$,$O$,$O$]]$

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$11/19/2024$