=+a. Does hard work necessarily lead to a high income?

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 28, 2024 05:02 AM

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=+a. Does hard work necessarily lead to a high income?
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=+ 7. "If Jones has a skill that is highly valued, she will be able to achieve high market earnings. In contrast, Smith may work just as hard or even harder, and still earn only a low income."
=+b. Why are the incomes of some workers high and others low?
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=+a. Does hard work necessarily lead to a high income?

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Microeconomics Private And Public Choice

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