The term compensating wage differential refers to:
a. the bargaining capacity of a monoposonist in the labor market.
b. the wage differences that arise from differences in the risk involved in different jobs.
c. the criteria on which a firm offers a 401K plan to all its employees or just some employees.
d. the wage differences that arise from difference in productivity of the workers in a firm.
e. the negotiating power of the trade union.
b
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Portfolio investment means buying
A) less than 10 percent of stock shares of of a foreign company. B) more than 50 percent of stock shares of a foreign company. C) a combination of different companies' stock shares. D) bonds through a financial company.
Which of the following examples would most likely be part of a perfectly competitive market?
a. cotton growers b. computer companies c. shoe manufacturers d. automotive businesses