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Differences in Wages
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Problem 5
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Problem 10
Differences in Wages
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15. Markets for the Factors of Production / Differences in Wages / Problem 5
Problem 5
What are the primary factors that lead to higher wages for professional athletes compared to high school teachers?
A
High demand and low supply for athletes, and the high value of the entertainment they provide.
B
Athletes work more hours than teachers.
C
Government subsidies for athletes.
D
Higher education requirements for athletes.
0
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