Compensating Differences in Wages

question 106

Multiple Choice

Compensating differences in wages:

• A) compensate workers for differences in their human capital.
• B) are wage differences that compensate for differences in the desirability of jobs.
• C) describe the tendency for the wages of all occupations to adjust to the median level.
• D) do not exist if jobs have different nonmonetary characteristics.

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Definitions:

Matrix Structures

An organizational structure that assigns specialists from different functional departments to work on one or more projects.