Differences in wages that result from differences in working conditions are known as ?

Related Mcqs:

A period of unemployment due to recession will ?

A. increase a worker’s current income and permanent income B. reduce a worker’s current income but not necessarily their permanent income C. affect neither the current nor the permanent income of a worker D. reduce a worker’s permanent income but not their current income...

If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?

A. transitory income is a good measure of the distribution of living standards B. none of these answers C. permanent income is a good measure of the distribution of living standards. D. life-cycle income is a good measure of the distribution of living standards. E. current annual income is a good measure of the distribution … If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?Read More...

The term ‘rent’ as it is used by economists. refers to ?

A. the return to any factor of production that is in fixed supply B. the profit earned by the owner of any housing unit. C. the amount paid each year by a tenant for an apartment D. any profit earned by stockholders when they sell their stock...

An increase in the minimum wage will cause a relatively large increase in unemployment among ?

A. unskilled workers if the demand for labour is relatively inelastic B. unskilled workers if the demand for labour is relatively elastic C. skilled workers if the demand for labour is relatively elastic D. skilled workers if the demand for labour is relatively inelastic...

VAT is a good example of which kind of tax ?

A. specific B. Direct C. Ad valorem D. Excise duty...