"Compensating Wage Differentials" Arise Because

question 17

Multiple Choice

"Compensating wage differentials" arise because:

• A)workers possess different skills.
• B)workers prefer the characteristics of some to those of others.
• C)firms pay higher wages for workers with higher marginal productivities.
• D)firms discriminate in hiring.

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Definitions:

Negotiation Close

A close in which buyer and seller find ways for everyone to have a fair deal.

Fair Deal

An agreement or transaction that is considered equitable and just to all parties involved.

True Objections

Genuine concerns or issues raised by a prospect that can potentially block a sale, requiring direct attention and resolution.

Technology Integration

The coherent incorporation of technological tools into a business, educational setting, or daily activities to enhance functionality and efficiency.