Compensation wage differentials are
A. used to make pay equal across different groups of workers.
B. driven primarily by differences in ability.
C. driven primarily by differences in experience.
D. used to offset the increased danger of some jobs.
Answer: D
You might also like to view...
Which of the following statements is true?
a. The money price is usually the same as the time price for most consumers. b. The money price of a good is always greater than the time price. c. The money price is always greater for high-wage earners than for low-wage earners. d. The time price is usually less for low-wage earners than for high-wage earners. e. The time price of a good is directly proportional to the money price.
If money demand shifts right, the price level falls
a. True b. False Indicate whether the statement is true or false
Increases in aggregate demand
A. lead to increases in real interest and unemployment rates if there is considerable excess capacity in the economy. B. result only in inflation when the economy operates at its maximum productive capacity. C. may be caused by ever-greater downward pressures on prices and wages if reserve requirements are raised. D. may be caused by an increase in taxes. E. increase both inflation and the unemployment rates.
An oligopolist producing where MR > MC should lower its price and increase output to maximize its profits.
Answer the following statement true (T) or false (F)