Compensating differences in wages, pay workers for:
A. differences in worker training and skills.
B. differences in the nonmonetary characteristics of jobs.
C. geographic immobility.
D. discrimination in hiring and firing.
Answer: B
Economics
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Indicate whether the statement is true or false
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In the Stackelberg model, the leader has a first-mover advantage because it
A) has lower costs than the follower. B) commits to producing a larger quantity. C) reacts to the follower's decision. D) differentiates its output.
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