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The Figure Given Below Shows the Demand Curves (D1 and D2)

Question 14

Multiple Choice

The figure given below shows the demand curves (D1 and D2) and supply curves (S1 and S2) of labor in the labor market.Figure: 16.2
The figure given below shows the demand curves (D<sub>1</sub> and D<sub>2</sub>)  and supply curves (S<sub>1</sub> and S<sub>2</sub>)  of labor in the labor market.Figure: 16.2    -The term compensating wage differential refers to: A) the bargaining capacity of a monoposonist in the labor market. B) the wage differences that arise from differences in the risk involved in different jobs. C) the criteria on which a firm offers a 401K plan to all its employees or just some employees. D) the wage differences that arise from difference in productivity of the workers in a firm. E) the negotiating power of the trade union.
-The term compensating wage differential refers to:


A) the bargaining capacity of a monoposonist in the labor market.
B) the wage differences that arise from differences in the risk involved in different jobs.
C) the criteria on which a firm offers a 401K plan to all its employees or just some employees.
D) the wage differences that arise from difference in productivity of the workers in a firm.
E) the negotiating power of the trade union.

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