What is a compensating differential?
What will be an ideal response?
A compensating differential exists when a higher wage compensates workers for unpleasant aspects of a job.
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What is the "three-pronged approach" to organizing a banking union?
What will be an ideal response?
Asset specificity means lower costs of redeployment and lower risks of opportunism associated with a contract
Indicate whether the statement is true or false
Risk premium is
A. the benefits of buying from a trustworthy institution. B. the additional payment paid by bonds issued by the federal government. C. the tendency of some investors to incur in high risk. D. a payment differential necessary to compensate the investor for having to bear a risk.
How could the omission of net exports from GDP overstate production? Or understate it?
What will be an ideal response?