If a Worker Is Indifferent Between a Job with a Wage

question 231

Multiple Choice

If a worker is indifferent between a job with a wage of $12 per hour and a job with a wage of $15 per hour,then the

• A) higher-paying job has a compensating wage differential of $3 per hour.
• B) higher-paying job has a compensating wage differential of $15 per hour.
• C) higher-paying job is intrinsically more attractive than the lower-paying job.
• D) worker's preferences are not rational.

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Definitions:

Multiple Ethnic Origins

Describes individuals or populations that identify with or have ancestry from more than one ethnic background.

Census

A systematic enumeration of a population, which typically records various details of individuals, such as age, sex, occupation, and nationality, at a specific time.

De-ethnicization

The process by which a product or service sheds its ethnic identification and becomes appealing to a broader, multicultural market.

Ethnic Product

Goods that are specifically designed for, or associated with, a particular cultural or ethnic group.