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Is an efficient market allocation fair? Explain.
Human Capital
The stock of skills, knowledge, and social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.
Compensating Differential
A difference in wages that arises to compensate employees for unpleasant aspects of a job, such as risk of injury or inconvenient work hours.
Eye Surgeon
A medical doctor specializing in the diagnosis and surgical treatment of disorders and diseases of the eye.
International Trade
The exchange of goods and services between countries, across their international borders.
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