Compensating Differentials Are

question 54

Multiple Choice

Compensating differentials are

• A) nonmonetary benefits from being employed, such as health-care benefits.
• B) wages paid to workers where the supply of labour is great relative to demand.
• C) higher wages that compensate workers for unpleasant aspects of a job.
• D) higher wages that compensate the more experienced workers in a field.

Distinguish between the legal concepts of non est factum and mistake.

Recognize the application and impact of the equitable remedy of rectification.

Understand the legal rules governing contracts that involve illegal subject matter.

Grasp the responsibilities and liabilities of parties in a contract breach scenario.