Which of the following is not an example of a compensating differential?
a. Chris is a consultant who is paid more than other workers with similar skills because he is required to travel 80% of the time.
b. Abby is a teacher who is paid less than other workers with similar skills because she does not have to work during the summer months.
c. Ben is a businessman who is paid more than other workers with similar skills because he graduated from a prestigious university with honors.
d. Daphne is a skyscraper window-washer who is paid more than other workers with similar skills because of the risk she faces in her daily job.
c
You might also like to view...
According to economic theory, the difference between the long run and the short run is:
a. about two months. b. about two years. c. not relevant for executive decision makers. d. strictly theoretical so that in practice there is no difference between them. e. the ability for a firm to vary all resources.
Which of the following could be an institutional barrier to employment?
a. licensing requirements b. labor unions c. minimum wages d. all of the above