Multiple Choice
First grade teachers who work in Lynn,Massachusetts (a large,low income city north of Boston) public schools earn more than first grade teachers who work in private schools in more affluent communities north of Boston.Lynn teachers belong to a teachers' union.Which statement best explains the scenario described above?
A) Lynn school teachers receive a compensating differential because they work in a more difficult environment,and they receive higher than market equilibrium wages because they are members of a teachers' union.
B) Lynn school teachers receive a compensating differential because they work in a more difficult environment,but they do not receive higher than market equilibrium wages because they are members of a teachers' union.
C) Lynn school teachers do not receive a compensating differential because they work in a more difficult environment,but they do receive higher than market equilibrium wages because they are members of a teachers' union.
D) Lynn school teachers do not receive a compensating differential because they work in a more difficult environment,and they do not receive higher than market equilibrium wages because they are members of a teachers' union.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Scenario 19-4<br>Assume that the labor market for
Q65: Jill is the best eye surgeon in
Q94: Higher levels of human capital are correlated
Q122: When discrimination occurs as a result of
Q151: Streetcar owners in the early 20th century
Q282: Evidence suggests that business owners are generally<br>A)interested
Q306: Which of the following factors affects the
Q308: Which of the following statements correctly identifies
Q431: Which theory explains the fact that some
Q493: Suppose that Philip is the best contractor