Microeconomics Ch 19
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A difference inwages that arises to offset the nonmonetary characteristics of different jobs
The accumilation of investments in people, such as education and on-the-job training.
A worker association that bargains with employers over wages and working conditions.
The organized withdrawal of labor from a firm by a union.
Above-equilibrium wages paid by firms to increase worker productivity.
The offering of different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristics.
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