The Term "Compensating Differential" Refers to

question 165

Multiple Choice

The term "compensating differential" refers to

• A)the fact that workers who do similar work should be paid the same wage.
• B)the fact that some workers live further from their jobs than do other workers.
• C)a wage difference that is due to unionization of some firms but not others.
• D)a wage difference that arises from nonmonetary characteristics of different jobs.

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Definitions:

Improve Everyone's Life

The endeavor or action aimed at enhancing the living conditions and overall well-being of every individual in a community or society.

Marxist

Pertaining to the political and economic theories of Karl Marx and Friedrich Engels, which advocate for the class struggle against capitalism leading to a society where property is publicly owned.

Micro-Level Interactions

Interpersonal social interactions focusing on small-scale patterns of individuals' social behavior in specific contexts.

Symbolic Interactionism

A sociological perspective focusing on how individuals interpret and give meaning to social symbols in their interactions.