Factory Workers Who Work the Day Shift Earn Less Per

question 475

Multiple Choice

Factory workers who work the day shift earn less per hour than similarly-skilled factory workers who work the night shift. The difference in pay is attributed to

• A)the marginal product of labor.
• B)the marginal product of capital.
• C)diminishing marginal returns.
• D)a compensating differential.

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Definitions:

Balance of Payments

A comprehensive record of a country's financial transactions with the rest of the world over a specific time period, including exports and imports of goods and services, financial transfers, and investments.

Oxfam America

A branch of the international confederation Oxfam, focused on addressing poverty, hunger, and injustice through advocacy and humanitarian efforts.

Drought Victims

Individuals or communities adversely affected by prolonged periods of below-average precipitation, leading to water shortages and damaging agricultural productivity.

Current Account

A component of a country's balance of payments that includes the trade balance, net income from abroad, and net current transfers.