Determine which of the three principle sources of wage differentials is most likely to account for each scenario.
* A licensed physician earns more than a nurse:
differences in total human capital
compensating differentials
differences in talent or ability
* City sanitation workers earn more than park maintenance workers:
compensating differentials
differences in talent or ability
differences in total human capital
* Physical therapists earn more than massage therapists.
differences in talent or ability
compensating differentials
differences in total human capital
* Jack, a 22-year-old soccer player, earns more than Jim, who is the same age and has the same level of experience.
compensating differentials
differences in total human capital
differences in talent or ability
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