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Question
Tiffany is a physician in New York City, her favorite city in the world. What would be some of the nonmonetary determinants of her wages?
a. Her wages are higher because of her education and the desirability of her location.
b. Her wages are lower because of her education and the desirability of her location.
c. Her wages are higher because of her education, but they are reduced because of the desirability of her location.
d. Her wages are higher because of the desirability of her location, but they are slightly reduced because of her education.
e. Her wages are lower because her employer pays her an efficiency wage.
Answer
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