A compensating wage differential is a wage premium paid in order to:
A) recognize a more efficient employee.
B) attract workers who have a family to support.
C) improve the goodwill of a firm hiring workers.
D) attract workers to otherwise undesirable occupations.
D
Economics
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A) is always composed of coins and paper B) loses its value as it becomes older C) requires a double coincidence of wants D) is any commodity that is generally acceptable as a means of payment
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A normal good is one
A) with a downward sloping demand curve. B) for which demand increases when the price of a substitute rises. C) for which demand increases when income increases. D) none of the above
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