Wage differences across jobs that reflect the fact that some jobs are less pleasant than others are called:

A) efficiency wages.
B) market power.
C) compensating differentials.
D) discrimination.

Question

Wage differences across jobs that reflect the fact that some jobs are less pleasant than others are called:A) efficiency wages.B) market power.C) compensating differentials.D) discrimination.

Chloe Slater · Accepted Answer

Final Answer : C, Explanation :  Compensating differentials are wage differences across jobs that reflect the fact that some jobs are less pleasant than others. These wage differentials compensate workers for the non-monetary costs associated with a job, such as unpleasant working conditions or physical risks. Efficiency wages refer to wages that are higher than the market equilibrium wage in order to improve worker productivity and decrease turnover. Market power refers to the ability of firms to influence the market price of a good or service. Discrimination refers to differential treatment of individuals based on their group characteristics, such as race or gender.

Wage differences across jobs that reflect the fact that some jobs are less pleasant than others are called:

A) efficiency wages.
B) market power.
C) compensating differentials.
D) discrimination.

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