Examlex
Growth and development in infancy proceeds from the head downward, which is known as the __________.
Wage Disparity
The difference in wages earned by different groups of workers, often due to factors like gender, education, or ethnicity.
Equilibrium Wage
The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the market.
Efficiency Wage
A higher wage paid by employers to increase productivity by attracting better applicants, reducing turnover, and motivating employees.
Marginal Productivity
The additional output that is produced by adding one more unit of a factor of production, holding other factors constant.
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