A Compensating Differential Is

question 3

Multiple Choice

A compensating differential is

• A)a difference in pay due to nonmonetary characteristics of different jobs.
• B)a high wage paid by employers to entice workers to be more productive.
• C)the difference between the quantity of labor supplied and the quantity of labor demanded at the minimum wage.
• D)due only to difference in the productivity of workers with different skills.

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Definitions:

Social Classes

Categories of people in a society who share similar positions in terms of wealth, education, job status, and power.

Social Status

A person's standing or rank in society, which can be determined by wealth, occupation, education, or family lineage, among other factors.

Early Civilizations

The first advanced and complex societies that developed writing, monumental architecture, and centralized administration, among other characteristics.

Archaeologists

Specialists engaged in the study of human history and prehistory through the excavation of sites and the analysis of artifacts and other physical remains.