A Difference in Wage Rates That Results from a Difference

question 25

Multiple Choice

A difference in wage rates that results from a difference in working conditions

• A)is known as a compensating wage differential
• B)is known as an equalizing differential
• C)reflects a difference in marginal productivity
• D)reflects job-market discrimination
• E)will be eliminated if all labor markets are perfectly competitive

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Definitions:

Strengthen

To make or become stronger in physical or mental capacity.

Positive

Characterized by or displaying affirmation, constructive qualities, or optimism.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort due to conflicting beliefs, attitudes, or behaviors.

Motivated

Having a strong desire or willingness to do something.