Occupational Premiums Refer To

question 22

Multiple Choice

Occupational premiums refer to:

• A) the rate of return on human capital investment as measured across occupations.
• B) the percentage differences in earnings associated with a certain occupation relative to other occupations.
• C) the percentage differences in earnings associated with working the most highly paid occupation.
• D) rents accruing to workers who benefit from imperfect competition in the labour market.
• E) the percentage differences in earnings associated with working the most common occupation.

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Definitions:

Hand-Held Programming

The use of portable devices to program or configure machinery and equipment directly on the plant floor.

Continuously Variable Signal

A signal that can assume an infinite number of values within a given range, as opposed to discrete signals.

Analog

Referring to a type of signal or information that varies continuously over a range, unlike digital signals which are discrete.

Discrete Input

A discrete input is a type of digital signal input to a control system or device indicating a binary condition, such as on/off.