An Example of a Compensating Wage Differential Is

question 125

Multiple Choice

An example of a compensating wage differential is

• A)Nurse anaesthetists are paid less than anaesthesiologists (who have medical degrees).
• B)Workers in a dynamite mine receive higher wages than if they worked in other jobs that require the same level of skills.
• C)In the market for lawyers, top graduates from the top programs earn starting salaries that are significantly higher than the starting salaries earned by lower-ranked graduates from the lower-ranked programs.
• D)Popular movie stars like George Clooney command much higher salaries than other talented but lesser-known actors.

---

Definitions:

Conflict of Interest

A situation in which a person's personal interests could potentially influence their professional judgment or responsibilities.

Conflict of Interest

A situation in which an individual's personal interest might interfere with their professional obligations or duties.

Preconventional Behavior

A stage in moral development where an individual's ethical principles are guided mainly by external consequences and rewards.

Conflict of Interest

A situation in which a person's personal interests could potentially influence their professional judgment or actions.