Which Term Do Economists Use to Refer to a Difference

question 51

Multiple Choice

Which term do economists use to refer to a difference in wages that arises from nonmonetary characteristics of different jobs?

• A)non-pecuniary differentials
• B)compensating differentials
• C)fundamental differences
• D)idiosyncratic differences

---

Definitions:

Jeffrey Wigand

A whistleblower in the tobacco industry known for exposing corporate practices concerning the addictive nature and health effects of cigarettes.

Whistle-blowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

Unethical Behaviour

Actions that violate moral or professional principles, often harming others or compromising ethical standards.

High Need for Power

Refers to individuals who have a strong desire to influence, control, or command over others.