The Idea of Compensating Differences Is Used

question 290

Multiple Choice

The idea of compensating differences is used

• A) by inclusive unions as an argument in bargaining for wage rate increases.
• B) to justify the application of minimum wages to low-wage labor markets.
• C) to explain the divergence between wage rates and marginal resource cost.
• D) to explain wage rate differences based on differing nonmonetary aspects of jobs.

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The act of engaging in social, supportive, or communal activities with people who live in one's immediate vicinity.

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