Since people get sick at all hours of the day, some nurses who work in hospitals are required to work the night shift. In most cases, the nurses who work the night shift earn a higher hourly wage for the same work as the nurses who work the day shift. This difference in pay is referred to as a
a. discriminatory wage practice.
b. compensating differential.
c. wage inequity.
d. a market inefficiency.
b
You might also like to view...
All of the following are examples of financial securities except
A) checking accounts. B) corporate bonds. C) shares of stock. D) Treasury bonds.
If the demand increases in a perfectly competitive market, what will likely occur?
A. Firms will temporarily make a profit due to a higher price. B. Firms will enter the market in hopes of capturing some profits. C. The short-run supply curve will shift to the right, causing price to eventually fall. D. All of these are true.
An increase in production of one good will have zero opportunity cost only if the economy initially existed at a point inside the production possibilities curve
a. True b. False Indicate whether the statement is true or false
For this question, assume that expected inflation is zero. In this situation, we know that
A) the nominal and real interest rates are equal. B) the nominal interest rate will exceed the real interest rate. C) the real interest rate will exceed the nominal interest rate. D) the real interest will be zero. E) the real interest rate is negative.