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- Human Capitaleconomics-mcqs › human-capital
- Published
- 1 Jun 2019
- Last updated
- 28 May 2026
Which factor does NOT explain why certain employees receive wages higher than the market equilibrium?
Multiple choice question for Human Capital. Select an option, then review the explanation below.
Explanation
Factors such as minimum wage laws, efficiency wages, and unions can cause wages to exceed the equilibrium level. However, physical attractiveness is not a recognized economic reason for higher wages.
More Human Capital MCQs
Practice related questions from the same subject.
- 1.From the perspective of the human capital theory, what is the role of education?
- 2.What does the signaling theory of education primarily suggest?
- 3.When two positions demand equal skills and experience, which job is generally the one offering higher pay?
- 4.Which statement accurately describes the relationship between attractiveness and earnings among workers?
- 5.Which profession has the highest potential to earn income comparable to a superstar?