Which Term Do Economists Use to Refer to a Difference

question 51

Multiple Choice

Which term do economists use to refer to a difference in wages that arises from nonmonetary characteristics of different jobs?

• A)non-pecuniary differentials
• B)compensating differentials
• C)fundamental differences
• D)idiosyncratic differences

---

Definitions:

Click

A short, sharp sound often made by a computer mouse or keyboard, or used figuratively to describe the moment when understanding or agreement occurs.

Elderly Female

Adult females who are in the advanced years of their life, typically categorized as being aged 65 and above.

Physical Exam

is a comprehensive assessment carried out by a healthcare professional to evaluate the general state of health and detect any signs of disease or abnormalities.

Spouse Present

The condition in which one's marital partner is physically in the same location or situation.