Suppose that welders working on offshore oil rigs earn 25% more than welders working on land based oil rigs.The difference in earnings is best explained by

Question

Quizplus · Accepted Answer

Welders working on offshore oil rigs are more likely to face challenging and risky working conditions, such as working in extreme weather conditions and being exposed to hazardous materials. This justifies the higher pay they receive compared to welders working on land-based oil rigs, where working conditions are often less demanding. Therefore, the difference in earnings can be best explained by differences in working conditions.

Suppose That Welders Working on Offshore Oil Rigs Earn 25