The Category "Compensation of Employees" Doesn't Capture the Full Income

question 86

Multiple Choice

The category "compensation of employees" doesn't capture the full income of labor because:

• A)it doesn't include the earnings of proprietors.
• B)it doesn't include benefits such as health insurance.
• C)a sizable fraction of it can be attributed to the return on human capital.
• D)it excludes payments in kind that are common in rural areas.

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Definitions:

Hierarchical

Relating to the classification or arrangement of individuals or entities based on rank, order, or authority within a structure.

Public Sector Bargaining

The negotiation process between government employers and unions representing public sector employees to settle terms of employment.

Federal Level

Pertains to the national government level, as opposed to state or local levels, often in reference to laws, regulations, or administrative agencies.

BATNA

Best Alternative To a Negotiated Agreement, the most advantageous course of action a party can take if negotiations fail and an agreement cannot be reached.