Which of the following is not a source of equilibrium differences in wage rates?

Question

Quizplus · Accepted Answer

Economic rent refers to the extra income that a factor of production receives due to its scarcity. It is one of the sources of equilibrium differences in wage rates because workers who possess skills or abilities that are in high demand receive a higher wage rate due to their scarcity. Therefore, option C is not a correct answer. The other three options (A, B, and D) are all sources of equilibrium differences in wage rates. The level of risk associated with an occupation, the level of skills that workers possess, and the aptitude that workers have for an occupation can all affect the supply and demand for labor and the resulting equilibrium wage rate.

Which of the Following Is Not a Source of Equilibrium