Which of the following best describes compensating wage differentials?
A) Some jobs are more difficult than others, and the pay for them reflects this.
B) Some jobs require more training than others, and the pay for them reflects this.
C) Some jobs require more experience than others, and the pay for them reflects this.
D) Some jobs require unique abilities, and the pay for them reflects this.
Correct Answer:
Verified
Q81: The existence of differences between the average
Q82: Which of the following is not a
Q83: Compensation wage differentials are
A)used to make pay
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Q85: Table 21-1 Q87: The concept of inequality Q88: The simplest economic definition of discrimination is Q89: From a purely economic point of view, Q90: Since the 1970s, the share of income Q91: Risk taking
A)has no economic meaning.
B)applies
A)prejudice.
B)unequal
A)is economically wasteful.
B)is a cause of
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