Question 1

When computers are used to replace workers on a factory production line,what will happen to the wage gap between skilled and unskilled workers

Accepted Answer

A)  It will increase only if the company can increase the price of its product.
B)  It is likely to increase.
C)  It is likely to decrease.
D)  It will not change.E) All of the above
F) B) and D)

Question 2

Scenario 19-1
Ferris, a student at a community university, is considering what he should do for summer employment.Two recruiters show up at his school in search of summer workers.Recruiter A is looking for lifeguards to patrol the beach at an exclusive island resort in the Caribbean.Recruiter B is looking for workers to staff positions at a local summer youth camp.
-Refer to Scenario 19-1.Ferris is carefully considering the options that each recruiter presents.On the basis of knowledge obtained in his economics class,what is Ferris likely to conclude

Accepted Answer

A)  Because the lifeguard job sounds like a fun job on the beach, the wage is likely to be high.
B)  Because the lifeguard job would expose him to a threat of skin cancer, the wage is likely to be low.
C)  If the lifeguard job has a requirement for special training or certification, the wage offer will be higher than otherwise.
D)  If the lifeguard job also requires a willingness to clean public restrooms, the wage offer will be lower than otherwise.E) None of the above
F) B) and D)

Question 3

What can we say about the transferability of the ownership of human capital

Accepted Answer

A)  It is typically embodied in related physical capital.
B)  It may be subject to government restrictions on transferability.
C)  It is not generally transferable.
D)  It is easily transferable to multiple individuals.E) B) and C)
F) A) and B)

Question 4

What is one of the problems with calculating the true amount of discrimination that takes place in the market for labour

Accepted Answer

A)  the inability to calculate wage differentials
B)  the inability to see changes in the wage differentials over a period of time
C)  the difficulty in measuring productivity differences between workers
D)  inadequate reporting of discriminationE) B) and D)
F) None of the above

Question 5

Which statement best explains the cause of wage differential

Accepted Answer

A)  Additional education that increases a worker's wage necessarily increases the worker's productivity, and firms pay their workers based on their productivity.
B)  If discriminating wage differentials persist in competitive markets, it is primarily because either consumers are willing to pay to maintain the discrimination or because government mandates it.
C)  Efficiency wage theory explains that non-discriminatory employers pay lower wages to workers whom discriminatory employers refuse to hire.
D)  Workers from the perfectly competitive market are paid a higher wage than those from other market structures.E) C) and D)
F) A) and B)

Question 6

Why should we NOT attribute the gender wage gap to ongoing discrimination by employers

Accepted Answer

A)  Some of the wage gap is explained by efficiency wages.
B)  Productivity differences between men and women are likely to exist.
C)  Compensating differentials usually lead to higher wages for women.
D)  Wage gaps will disappear over time.E) None of the above
F) All of the above

Question 7

Which statement explains the "beauty premium"

Accepted Answer

A)  Marginal productivity in all occupations has a physical dimension.
B)  In some occupations, physical attractiveness of a worker may enhance the value of their marginal product.
C)  Beauty acts as an implicit signal of innate intelligence.
D)  Beauty is likely to reflect "good breeding" in people.E) All of the above
F) None of the above

Question 8

List the factors that can contribute to wage differentials in the competitive market.If you are conducting empirical research on this topic,what variables may be included in your study?

Accepted Answer

In order to study wage differentials,we ...

Question 9

What has happened to the earnings gap between workers with high skills and workers with low skills in Canada over the past 27 years

Accepted Answer

A)  It has remained relatively constant over this period.
B)  It has grown over this period.
C)  It has widened for men and narrowed for women over this period.
D)  It has narrowed for men and widened for women over this period.E) A) and B)
F) C) and D)

Question 10

Based on Canadian studies,what are the possible reasons that Francophone players are underrepresented in NHL?

Accepted Answer

Early studies show that Francophone play...

Question 11

What did evidence from a 1988 study of the market for professional basketball players reveal

Accepted Answer

A)  There was no evidence of consumer-driven wage discrimination.
B)  There was some evidence of consumer-driven wage discrimination.
C)  Measurement of marginal productivity was very difficult for basketball players.
D)  Sports with strong player associations are unlikely to experience wage discrimination.E) A) and D)
F) B) and D)

Question 12

Discrimination occurs when the marketplace offers different opportunities to similar individuals who differ only by which of the following

Accepted Answer

A)  level of education
B)  attitude toward the trade-off between labour and leisure
C)  gender
D)  productivityE) None of the above
F) C) and D)

Question 13

Empirical evidence suggests that ability,effort,and chance are not likely to be significant contributors to wage differences.

Accepted Answer

A) True 
 B)False

Question 14

According to evidence provided by Canadian studies,how do wages compare for women who are members of ethnic minorities

Accepted Answer

A)  wages are roughly the same as what white women earn
B)  wages are roughly the same as what ethnic minority men earn
C)  wages are less than what white women earn
D)  wages are more than what white women earnE) A) and C)
F) None of the above

Question 15

What will happen to firms that operate in competitive product markets and choose to practice discrimination in hiring workers

Accepted Answer

A)  They will survive, if they increase production and garner a larger market share.
B)  They will eventually earn zero economic profits.
C)  They will survive, as long as they are willing to have a smaller market share.
D)  They are likely to eventually go out of business.E) A) and B)
F) B) and C)

Question 16

Evaluate the following statement: "The market for public school teachers is clearly inefficient; if teachers were paid the value of marginal product,wages would be much higher."

Accepted Answer

The "value" in value of marginal product...

Question 17

Which argument likely reflects the statement "Coal miners are paid more than other workers with similar levels of education"

Accepted Answer

A)  Coal mining is a declining industry.
B)  Coal mining jobs are dangerous.
C)  All coal mines use union labour.
D)  Coal exports are rising.E) B) and C)
F) A) and B)

Question 18

When the supply of workers is plentiful,what would one predict that market wages would be

Accepted Answer

A)  determined outside the domain of the neoclassical theory
B)  determined solely by factors that affect demand
C)  low, other things equal
D)  high, other things equalE) A) and D)
F) A) and C)

Question 19

Which occupation can the superstar phenomenon be applied

Accepted Answer

A)  high school teacher
B)  anchorperson for a national news program
C)  heart surgeon
D)  amateur athleteE) A) and D)
F) B) and C)

Question 20

According to a study based on Statistics Canada,approximately what percentage of the male wage was paid to women in 2010

Accepted Answer

A)  78
B)  83
C)  87
D)  94E) C) and D)
F) A) and B)

Exam 19: Earnings and Discrimination

What can we say about the transferability of the ownership of human capital

Correct Answer
verified

Why should we NOT attribute the gender wage gap to ongoing discrimination by employers

Correct Answer
verified

According to evidence provided by Canadian studies,how do wages compare for women who are members of ethnic minorities

Correct Answer
verified

What will happen to firms that operate in competitive product markets and choose to practice discrimination in hiring workers

Correct Answer
verified

What is one of the problems with calculating the true amount of discrimination that takes place in the market for labour

Correct Answer
verified

Based on Canadian studies,what are the possible reasons that Francophone players are underrepresented in NHL?

Correct Answer
verified
Early studies show that Francophone play...
View Answer

When computers are used to replace workers on a factory production line,what will happen to the wage gap between skilled and unskilled workers

Correct Answer
verified

List the factors that can contribute to wage differentials in the competitive market.If you are conducting empirical research on this topic,what variables may be included in your study?

Correct Answer
verified
In order to study wage differentials,we ...
View Answer

Discrimination occurs when the marketplace offers different opportunities to similar individuals who differ only by which of the following

Correct Answer
verified

When the supply of workers is plentiful,what would one predict that market wages would be

Correct Answer
verified

Which statement best explains the cause of wage differential

Correct Answer
verified

Which occupation can the superstar phenomenon be applied

Correct Answer
verified

Correct Answer
verified

What has happened to the earnings gap between workers with high skills and workers with low skills in Canada over the past 27 years

Correct Answer
verified

Evaluate the following statement: "The market for public school teachers is clearly inefficient; if teachers were paid the value of marginal product,wages would be much higher."

Correct Answer
verified
The "value" in value of marginal product...
View Answer

Which statement explains the "beauty premium"

Correct Answer
verified

Which argument likely reflects the statement "Coal miners are paid more than other workers with similar levels of education"

Correct Answer
verified

Empirical evidence suggests that ability,effort,and chance are not likely to be significant contributors to wage differences.

Correct Answer
verified

According to a study based on Statistics Canada,approximately what percentage of the male wage was paid to women in 2010

Correct Answer
verified

What did evidence from a 1988 study of the market for professional basketball players reveal

Correct Answer
verified

Exam 19: Earnings and Discrimination

What can we say about the transferability of the ownership of human capital

Correct AnswerverifiedShow Answer

Why should we NOT attribute the gender wage gap to ongoing discrimination by employers

Correct AnswerverifiedShow Answer

According to evidence provided by Canadian studies,how do wages compare for women who are members of ethnic minorities

Correct AnswerverifiedShow Answer

What will happen to firms that operate in competitive product markets and choose to practice discrimination in hiring workers

Correct AnswerverifiedShow Answer

What is one of the problems with calculating the true amount of discrimination that takes place in the market for labour

Correct AnswerverifiedShow Answer

Based on Canadian studies,what are the possible reasons that Francophone players are underrepresented in NHL?

Correct AnswerverifiedEarly studies show that Francophone play...View AnswerShow Answer

When computers are used to replace workers on a factory production line,what will happen to the wage gap between skilled and unskilled workers

Correct AnswerverifiedShow Answer

List the factors that can contribute to wage differentials in the competitive market.If you are conducting empirical research on this topic,what variables may be included in your study?

Correct AnswerverifiedIn order to study wage differentials,we ...View AnswerShow Answer

Discrimination occurs when the marketplace offers different opportunities to similar individuals who differ only by which of the following

Correct AnswerverifiedShow Answer

When the supply of workers is plentiful,what would one predict that market wages would be

Correct AnswerverifiedShow Answer

Which statement best explains the cause of wage differential

Correct AnswerverifiedShow Answer

Which occupation can the superstar phenomenon be applied

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

What has happened to the earnings gap between workers with high skills and workers with low skills in Canada over the past 27 years

Correct AnswerverifiedShow Answer

Evaluate the following statement: "The market for public school teachers is clearly inefficient; if teachers were paid the value of marginal product,wages would be much higher."

Correct AnswerverifiedThe "value" in value of marginal product...View AnswerShow Answer

Which statement explains the "beauty premium"

Correct AnswerverifiedShow Answer

Which argument likely reflects the statement "Coal miners are paid more than other workers with similar levels of education"

Correct AnswerverifiedShow Answer

Empirical evidence suggests that ability,effort,and chance are not likely to be significant contributors to wage differences.

Correct AnswerverifiedShow Answer

According to a study based on Statistics Canada,approximately what percentage of the male wage was paid to women in 2010

Correct AnswerverifiedShow Answer

What did evidence from a 1988 study of the market for professional basketball players reveal

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Early studies show that Francophone play...
View Answer

Correct Answer
verified

Correct Answer
verified
In order to study wage differentials,we ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The "value" in value of marginal product...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified