A Compensating Differential Is

question 192

Multiple Choice

A compensating differential is

• A) a difference in pay due to nonmonetary characteristics of jobs.
• B) an 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) equivalent to a union wage.

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Definitions:

Biological Correlates

Biological factors or processes that are associated with specific psychological or behavioral phenomena.

Character Flaws

Inherent weaknesses or imperfections in a person's character that may lead to negative outcomes or hinder personal development.

Deep-Seated

Firmly fixed or rooted; ingrained in the deepest part of a person's mind or nature.

Contracted

In general terms, it means entered into an agreement or reduced in size; in a medical context, it can refer to having caught or developed a disease.