Sam and Bob Have the Same Educational Background

question 118

Multiple Choice

Sam and Bob have the same educational background.Both have been policemen in Memphis for 10 years.Sam works from 11 P.M.until 7 A.M. ,and Bob works from 7 A.M.until 3 P.M.Sam's salary is $800 per month higher than Bob's salary.This example illustrates a wage disparity due to:

• A)efficiency wages.
• B)market power.
• C)compensating differentials.
• D)discrimination.

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Definitions:

Physical Strength

The measure of an individual's exertion capacity in terms of muscle performance and endurance.

Job Significance

The perceived importance of a job's impact on the company or society by the job holder.

Labour Standards

Established benchmarks or criteria for measuring the productivity, efficiency, and performance of labor within an organization or industry.

Assembly Lines

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product in the most efficient way.