Which of the following is an example of a compensating differential?
a. Two workers with different undergraduate majors earn different salaries.
b. Two workers with different years of experience earn different salaries.
c. Two workers whose jobs entail different risks earn different salaries.
d. Two workers with different levels of personal attractiveness earn different salaries.
c
Economics
You might also like to view...
The marginal benefit is the
A) additional gain from one more unit of an activity. B) additional cost from one more unit of an activity. C) loss of the highest-valued alternative. D) additional gain from one more unit of an activity minus the additional cost from one more unit of the activity.
Economics
The most common type of interest-rate swap is
A) the plain vanilla swap. B) the basic swap. C) the ordinary swap. D) the notional swap.
Economics