If a Worker Is Indifferent Between a Job with a Wage

question 240

Multiple Choice

If a worker is indifferent between a job with a wage of $10 per hour and a job with a wage of $12 per hour, then the

• A)higher-paying job has a compensating wage differential of $2 per hour.
• B)higher-paying job has a compensating wage differential of $12 per hour.
• C)higher-paying job is intrinsically more attractive than the lower-paying job.
• D)wage in the higher-paying job must eventually fall due to competition.

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Definitions:

Epilepsy

A neurological disorder marked by sudden recurrent episodes of sensory disturbance, loss of consciousness, or convulsions, associated with abnormal electrical activity in the brain.

Depakote

A brand name for divalproex sodium, a medication used to treat seizure disorders, manic episodes of bipolar disorder, and to prevent migraine headaches.

Prozac

A brand name for fluoxetine, a medication primarily used to treat major depressive disorder, obsessive-compulsive disorder, and panic disorder.

Serotonin

A neurotransmitter in the brain that plays a key role in mood regulation, gastrointestinal activity, and other bodily functions.