Suppose That Experienced Oil- Field Workers Are Observed to Earn

question 117

Multiple Choice

Suppose that experienced oil- field workers are observed to earn a higher wage in Alberta than in Newfoundland.Economists would likely call this

• A)an intrinsic difference.
• B)an equilibrium differential.
• C)a temporary factor- price differential.
• D)an acquired difference.
• E)equalization of net advantage.

---

Definitions:

Recruiters

Individuals or agencies that seek out, screen, and hire candidates for job positions.

Hiring Agency

A specialized firm that assists businesses in finding and recruiting employees.

Career Fair

An event where employers and job seekers come together for the purposes of recruitment and networking.

Functional Résumé

A type of résumé format that highlights an individual's skills and experiences rather than their chronological work history.