Question 1

According to a study of the "beauty premium," how do the wages of people with average looks compare to those of people considered less attractive than average?

Accepted Answer

5 to 10 pe...

Question 2

On average professors of finance earn more than professors of economics. Other things the same, what does this imply about the supply of each type of professor?

Accepted Answer

This implies the supply of pro...

Question 3

Scenario 19-2
Travis, a student at a community college, 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 workers to help a disaster relief agency distribute food aid in Africa. Recruiter B is looking for custodial help to clean motel rooms in a motel located near the entrance to a famous national park.
-Refer to Scenario 19-2. Travis is carefully considering the options that each recruiter presents. On the basis of knowledge obtained in his economics class, Travis concludes that

Accepted Answer

A)  if the job in Africa has a lot of job satisfaction, the wage will be higher.
B)  if the job in Africa has a lot of job satisfaction, the wage will be lower.
C)  if the job cleaning motel rooms is miserable work, the wage will be lower.
D)  if the job cleaning motel rooms is not miserable work, the wage will be higher.E) A) and B)
F) A) and C)

Question 4

Economists typically explain occupational differences between men and women through preferences, ability, and discrimination. What additional factor did economists Muriel Niederle and Lise Vesterlund add to this list?

Accepted Answer

attitudes ...

Question 5

The statement that "the rich get richer, and the poor get poorer" is supported by evidence of an expanding wage gap between high-skill and low-skill workers.

Accepted Answer

A) True 
 B)False

Question 6

The statement that "coal miners are paid more than workers with similar levels of education" is likely to reflect the fact that

Accepted Answer

A)  coal mining is a declining industry.
B)  coal mining jobs are potentially more dangerous than jobs with comparable education requirements.
C)  all coal mines use nonunion labor.
D)  coal imports are rising.E) C) and D)
F) B) and C)

Question 7

If there is systematic discrimination against a group of workers, then the wage paid to those workers likely will be

Accepted Answer

A)  lower due to a higher supply of workers in that group.
B)  lower due to a lower demand for workers in that group.
C)  higher due to a lower supply of workers in that group.
D)  higher due to a higher demand for workers in that group.E) A) and B)
F) A) and D)

Question 8

People are willing to invest in human capital because

Accepted Answer

A)  the demand for skilled labor is higher than for unskilled labor.
B)  it increases the marginal product of their labor.
C)  firms are willing to pay more for more productive workers.
D)  All of the above are correct.E) A) and B)
F) None of the above

Question 9

Figure 19-7 
-Refer to Figure 19-7. The figure shows labor demand and labor supply in a non-unionized labor market. If the current labor demand is D1 and the current labor supply is S1, when a minimum wage of $18 per hour is imposed in this market, how many unemployed workers result?

Accepted Answer

The answer of Figure 19-7 
-Refer to Figure 19-7. The...

Question 10

Which of the following scenarios would serve to decrease the demand for unskilled labor in the U.S.?

Accepted Answer

A)  increased productivity gains among unskilled laborers
B)  increased demand for goods produced by unskilled laborers
C)  increased international trade with countries where unskilled labor is more plentiful
D)  increased supply of migrant workersE) A) and B)
F) None of the above

Question 11

Higher levels of human capital are correlated with higher earnings because firms are willing to pay more for better-educated workers who have higher marginal productivities.

Accepted Answer

A) True 
 B)False

Exam 19: Earnings and Discrimination

On average professors of finance earn more than professors of economics. Other things the same, what does this imply about the supply of each type of professor?

Correct Answer
verified
This implies the supply of pro...
View Answer

The statement that "the rich get richer, and the poor get poorer" is supported by evidence of an expanding wage gap between high-skill and low-skill workers.

Correct Answer
verified

If there is systematic discrimination against a group of workers, then the wage paid to those workers likely will be

Correct Answer
verified

The statement that "coal miners are paid more than workers with similar levels of education" is likely to reflect the fact that

Correct Answer
verified

Correct Answer
verified

People are willing to invest in human capital because

Correct Answer
verified

Which of the following scenarios would serve to decrease the demand for unskilled labor in the U.S.?

Correct Answer
verified

Figure 19-7 -Refer to Figure 19-7. The figure shows labor demand and labor supply in a non-unionized labor market. If the current labor demand is D1 and the current labor supply is S1, when a minimum wage of $18 per hour is imposed in this market, how many unemployed workers result?

Correct Answer
verified

According to a study of the "beauty premium," how do the wages of people with average looks compare to those of people considered less attractive than average?

Correct Answer
verified
5 to 10 pe...
View Answer

Economists typically explain occupational differences between men and women through preferences, ability, and discrimination. What additional factor did economists Muriel Niederle and Lise Vesterlund add to this list?

Correct Answer
verified
attitudes ...
View Answer

Higher levels of human capital are correlated with higher earnings because firms are willing to pay more for better-educated workers who have higher marginal productivities.

Correct Answer
verified

Exam 19: Earnings and Discrimination

On average professors of finance earn more than professors of economics. Other things the same, what does this imply about the supply of each type of professor?

Correct AnswerverifiedThis implies the supply of pro...View AnswerShow Answer

The statement that "the rich get richer, and the poor get poorer" is supported by evidence of an expanding wage gap between high-skill and low-skill workers.

Correct AnswerverifiedShow Answer

If there is systematic discrimination against a group of workers, then the wage paid to those workers likely will be

Correct AnswerverifiedShow Answer

The statement that "coal miners are paid more than workers with similar levels of education" is likely to reflect the fact that

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

People are willing to invest in human capital because

Correct AnswerverifiedShow Answer

Which of the following scenarios would serve to decrease the demand for unskilled labor in the U.S.?

Correct AnswerverifiedShow Answer

Figure 19-7 -Refer to Figure 19-7. The figure shows labor demand and labor supply in a non-unionized labor market. If the current labor demand is D1 and the current labor supply is S1, when a minimum wage of $18 per hour is imposed in this market, how many unemployed workers result?

Correct AnswerverifiedShow Answer

According to a study of the "beauty premium," how do the wages of people with average looks compare to those of people considered less attractive than average?

Correct Answerverified5 to 10 pe...View AnswerShow Answer

Economists typically explain occupational differences between men and women through preferences, ability, and discrimination. What additional factor did economists Muriel Niederle and Lise Vesterlund add to this list?

Correct Answerverifiedattitudes ...View AnswerShow Answer

Higher levels of human capital are correlated with higher earnings because firms are willing to pay more for better-educated workers who have higher marginal productivities.

Correct AnswerverifiedShow Answer

Correct Answer
verified
This implies the supply of pro...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
5 to 10 pe...
View Answer

Correct Answer
verified
attitudes ...
View Answer

Correct Answer
verified