Compensating wage differentials arise because:
a. workers possess different skills.
b. workers prefer the characteristics of some to those of others.
c. firms pay higher wages for workers with higher marginal productivities.
d. firms discriminate in hiring.
Question 2
An example of moral hazard is
a. A taxi driver paid per mile taking the shortest route
b. a piece-rate garment worker shirking more than a per jour worker
c. an hourly salesman working harder than a commission salesman
d. an author on contract going to fewer book signings as one with a percentage royalty rate
During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage,
In 1979 Islamic militants held American embassy workers hostage in Tehran.
The five skills of the element Collection of Information
The five skills of the element Analysis of Situation
Developing Management Skills
Specialized Workers: Soldier Termite