Wage Differences That Can't Be Explained by the Number of Years

question 339

Multiple Choice

Wage differences that can't be explained by the number of years of training could result from

• A) demand but not supply.
• B) supply but not demand.
• C) compensating differentials.
• D) the marginal product of capital.

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Definitions:

Paranoia

A mental condition characterized by delusions of persecution, unwarranted jealousy, or exaggerated self-importance, often baselessly distrusting others.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Extroversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Openness

Openness, often referred to as openness to experience, is a personality trait characterized by a willingness to try new things, be creative, and think about abstract concepts.