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

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Definitions:

Conscious Awareness

The state or quality of being aware of an external object or something within oneself, marked by mental focus and self-awareness.

Repressed

The unconscious exclusion of painful or unwanted thoughts, feelings, or memories from conscious awareness.

Unsettling

causing discomfort or unease, often by being unexpected or unfamiliar.

Manifest Contents

The elements of a dream that are consciously remembered and reported, as opposed to its latent content or underlying meaning.