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Signals of abilities
________ can often be seen in resumes, where workers experience and education are revealed.
market power of labor
The ________ unions, when left unsatisfied, can negatively affect a job.
Bonuses
________ are usually issued to these types of workers based on their performances.
Equilibrium
________: each worker is paid relative to how much they contribute to creating the goods and services.
Human capital
________: accumulation of investments in people.
Wages
________ are determined by marginal contribution to the work employees partake in.
minimum wage
A(n) ________ mostly affects regulations of low- effort jobs.
Statistical discrimination
________: employers do not have pinpoint accuracy on employees.
non monetary factors
Compensating differential: wage differences that are caused by ________ and characteristics Human Capital.
Labor Market Discrimination
Measuring ________ (all statistics found in the USA)
Customer preferences
________ and government policies affect wages.
marginal product value
The ________ depends on the type of employee.
Capital
________: an economys stock of equipment and structures.
factors of production
A product that has been produced with the ________.
theory of efficiency wage
The ________ increases worker morale and productivity.
Note
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