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Which of the following can be used to help explain wage differences among different groups of workers?
Undiscounted Future Profits
The projected earnings from an investment over time without adjusting for present value or future risk.
Inventory
The total amount of goods and materials held in stock by a business, warehouse, or point of sale.
Vertical Contracts
Agreements between companies at different stages of the production process, such as manufacturers and retailers.
Complementary Goods
Products or services that are typically consumed together or have a high cross-elasticity of demand, implying that a change in the price of one affects the demand for the other.
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