Question

Question 22 1 pts These three questions refer to the same scenario. An accountant at a chain of grocery stores has to choose a new job, and is considering various options. If we think of human capital as a set of skills, and jobs as a set of tasks, which of the jobs listed below has the lowest expected wage loss? (b) A supply chain manager at a chain of grocery stores (c) A grocery store manager O (b) has a lower expected loss than (c) O (c) has a lower expected loss than (b) Question 23 1 pts Moretti (2004) finds that higher education has significant positive externalities on wages of all workers. This suggests that A larger share of workers with higher education increases the productivity of all human capital levels. A larger share of workers with higher education causes employers to choose labor-biased technology. O High skill and low skill workers are complements in production. O Workers can 'pick up' human capital from working with high skill co-workers.

Answer 1

As there is no specific answer requirement by you , I am providing the answer to Ist Question that is Question 22 :

Expected Wage loss is calculated as the difference between the current wages being earned in a job and the reduced wages to be earned due to job change .

Such a loss will be minimum only when a Highly paid worker on a Senior post is shifted to a slightly lower post and hence , in my opinion "A supply chain manager " at a chain of grocery stores would have the lowest expected wage loss as he has the maximum skills amongts all others and he would be able to switch to slightly less paying job due to his skillsets.

Therefore , Option 1 : (b) has lower exxpected loss than (c) is correct.

The second option is rejected because store manager has lesser skills compared to the supply chain manager .