End of Chapter Review
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Summary
Learning Objective 1: Interindustry wage differentials represent the pattern of pay and benefits associated with characteristics of industries. Interindustry wage differentials can be attributed to a number of factors, including the industry’s product market, the degree of capital intensity, the profitability of the industry, and unionization of the workforce.
Learning Objective 2: An occupation is a group of jobs, found at more than one company, in which a common set of tasks are performed or are related in terms of similar ...
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