Actual wage differentials can be partially explained by which of the following?
A)differences in talent
B)different amounts of human capital
C)compensating differentials
D)differences in talent, different amounts of human capital, and compensating differentials

Question

Quizplus · Accepted Answer

Actual wage differentials can be partially explained by differences in talent, different amounts of human capital, and compensating differentials. Differences in talent refer to innate abilities or skills that individuals possess. Different amounts of human capital refer to differences in education, training, and experience. Compensating differentials refer to the additional payment received by workers for taking on a less desirable job, such as working in dangerous or unpleasant conditions.

Actual Wage Differentials Can Be Partially Explained by Which of the Following