Question

In: Economics

which of the following is an example of a compensating wage differential? In the market for...

which of the following is an example of a compensating wage differential?

In the market for lawyers, top graduates from the top programs earn starting salaries that are significantly higher than the starting salaries earned by lower-ranked graduates from the lower-ranked programs.

Nurse anesthetists are paid less than anesthesiologists (who have medical degrees).

Popular movie stars like George Clooney command much higher salaries than other talented but lesser-known actors.

Workers in a dynamite mine receive higher wages than if they worked in other jobs that require the same level of skills.

Solutions

Expert Solution

"D"

Workers in a dynamite mine receive higher wages than if they worked in other jobs that require the same level of skills., here the work is different and the gap in the wage is due to risk involving the work


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