CHAPTER REVIEW

KEY CONCEPTS

Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.

Question

marginal product of labor (MPL)
human capital
compensating differential
statistical discrimination
Discrimination using information about group averages to make conclusions about individuals.
Tools of the mind, the stuff in people’s heads that makes them productive.
A difference in wages that offsets differences in working conditions.
The increase in a firm’s revenues created by hiring an additional laborer.
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