Answer to Question 1
C
Answer to Question 2
The increase in the relative incomes of superstars is mainly due to technological advances. For instance, the spread of cable television has greatly increased the number of potential viewers of baseball games. But many of those viewers will watch only if their team is winning. This increases the value to the owners of baseball teams of winning games and, therefore, increases the marginal revenue product of the best baseball players and the salaries they can earn. The difference between the marginal revenue products of the best chiropractors and the marginal revenue products of average chiropractors is much smaller. Even the best chiropractor can only work on one person at a time, but a superstar athlete can perform for millions of fans simultaneously.
Failure of the Equal Rights Amendment, 1972–1982
Drug A is more potent than Drugs B and C. Drugs A and C have equal efficacy because both drugs have ...
Understanding Food Claims Not all label claims are created equal!
Food Sources of Fiber Adults need to consume about 21 to 38 grams of fiber daily
People with night eating syndrome may consume more than half their day's calories between 8 pm ...