Differences in wage rates associated with differences in working conditions are called:
A. compensating wage differentials.
B. compensating income differentials.
C. equalizing wage ratios.
D. conditional differentials.
Answer: A
You might also like to view...
You get bit by your neighbor's dog, and incur $200 in emergency medical expenses. What happens to GDP?
A) It increases by $200. B) It decreases by $200. C) It remains unchanged. D) It depends upon whether you or the dog owner pays the medical bill.
Which of the following would likely cause aggregate demand to shift to the left?
A. Decreased income taxes B. Decreased consumer confidence C. Increased government spending D. increase in investors’ confidence.
Which of the following shifts both short-run and long-run aggregate supply to the left?
a. a decrease in the actual rate of inflation b. a decrease in the expected rate of inflation c. a decrease in the capital stock d. a drought in the Midwest agricultural areas.
When a specialized worker gains insights into a particular task that leads to better production methods, this is called:
A. continuity. B. innovation. C. specialization. D. repetition.