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market power of labor
The ________ unions, when left unsatisfied, can negatively affect a job.
Signals of abilities
________ can often be seen in resumes, where workers experience and education are revealed.
non monetary factors
Compensating differential: wage differences that are caused by ________ and characteristics.
Bonuses
________ are usually issued to these types of workers based on their performances.
Human capital
________: accumulation of investments in people.
Strike
________: when a large group of workers refuses to work.
direct relationship
It is not a(n) ________ (or cause) to higher productivity, but it is a signal.
Statistical discrimination
________: employers do not have pinpoint accuracy on employees.
economys stock of equipment
Capital: a(n) ________ and structures.
Customer preferences
________ and government policies affect wages.
marginal contribution
Wages are determined by ________ to the work employees partake in.
marginal product value
The ________ depends on the type of employee.
