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together. Bill took a job as an engineer who does not have to travel out of the state. Phil took a job as an engineer
together. Bill took a job as an engineer who does not have to travel out of the state. Phil took a job as an engineer who must travel out of state once a week. Bill earns $ a year, and Phil earns $ a year. Select the best explanation for this wage difference.
Phil has more human capital relative to Bill.
Phil has less human capital relative to Bill.
Phil receives a higher wage to compensate for the disagreeable nature of business travel.
Bill's lower salary supports the signaling theory of education.
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