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:

Comprehensive Job Analysis

An in-depth examination and documentation of all aspects of a job, including duties, responsibilities, and requirements.

Potential Drawbacks

Refers to possible disadvantages, risks, or negative consequences that may arise from a decision, action, or strategy.

Job Incumbents

Individuals who currently hold a particular position or role within an organization.

Job Analysis Process

An analytic procedure to identify the duties, responsibilities, and requirements of a job.