A compensating differential refers to differences in a. human capital levels of

ID: 1100793 • Letter: A

Question

A compensating differential refers to differences in

a. human capital levels of workers.

b. signaling differences of workers.

c. nonmonetary characteristics of jobs.

d. All of the above are correct.

According to the Hamermesh and Biddle study, people deemed more attractive than average earn

Select one:

a. 30-40 percent more than unattractive people.

b. about 5 percent more than average looking people.

c. the same as average looking people and 15-20 percent more than unattractive people.

d. 25 percent more than average looking people and 50 percent more than unattractive people.

A firm can earn economic profits in the long run

Select one:

a. only when the market is a monopoly.

b. only when the market is a monopoly or monopolistically competitive.

c. only when the market is monopolistically competitive or perfectly competitive.

d. when the market is perfectly competitive, monopolistically competitive, or monopolistic.

c. nonmonetary characteristics of jobs.

b. about 5 percent more than average looking people.

a. only when the market is a monopoly.

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.