Consider the following hypothetical difference-in-differences results concerning the average of hours worked in "big-box stores" between North and South Dakota before and after North Dakota increased its minimum wage. Average Weekly Hours per Big-Box Establishment $\begin{array}{lcc} & \text { North Dakota } & \text { South Dakota } \\ \text { Before } \mathrm{ND} \text { minimum wage increase: } & 128.4 & 110.3 \\ \text { After } \mathrm{ND} \text { minimum wage increase: } & 114.6 & 108.2 \end{array}$ The minimum wage increase is associated with average hours of work decreasing by how much per week in North Dakota relative to South Dakota?

A) 2.1 hours B) 11.7 hours C) 13.8 hours D) 15.9 hours E) 20.2 hours A) 2.1 hours B) 11.7 hours C) 13.8 hours D) 15.9 hours E) 20.2 hours

Exam 3: Labor Demand

Ally owns a shoe store. The market wage is $10 per hour, and the cost of capital is $2 per week for every $1000, of capital borrowed. Consider the isocost line associated with spending $8000, per week, and let the y-axis be the amount of capital borrowed in increments of $1000. Which of the following is not true?

(Multiple Choice)

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Question 21

When estimating a labor demand function, one needs to

(Multiple Choice)

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Question 22

The cross-elasticity of labor with respect to capital is the

(Multiple Choice)

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Question 23

The slope of the production function while holding capital fixed is

(Multiple Choice)

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Question 24

How does a profit-maximizing firm that is operating in a competitive labor market respond to an increase in the wage rate?

(Multiple Choice)

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Question 25

For which reason is increasing the federal minimum wage not a good antipoverty program?

(Multiple Choice)

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Question 26

The imposition of an effective minimum wage in a non-competitive industry might result in

(Multiple Choice)

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Question 27

Consider the following hypothetical difference-in-differences results concerning the average of hours worked in "big-box stores" between North and South Dakota before and after North Dakota increased its minimum wage. Average Weekly Hours per Big-Box Establishment North Dakota South Dakota Before minimum wage increase: 128.4 110.3 After minimum wage increase: 114.6 108.2 The minimum wage increase is associated with average hours of work decreasing by how much per week in North Dakota relative to South Dakota?

(Multiple Choice)

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Question 28

What is an example of the substitution effect?

(Multiple Choice)

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Question 29

Compared to a more standard experimental design which would assign observations to a control group or to a treatment group, a synthetic cohort analysis

(Multiple Choice)

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Question 30

Showing 21 - 30 of 30

When estimating a labor demand function, one needs to

The cross-elasticity of labor with respect to capital is the

The slope of the production function while holding capital fixed is

How does a profit-maximizing firm that is operating in a competitive labor market respond to an increase in the wage rate?

For which reason is increasing the federal minimum wage not a good antipoverty program?

The imposition of an effective minimum wage in a non-competitive industry might result in

What is an example of the substitution effect?

Compared to a more standard experimental design which would assign observations to a control group or to a treatment group, a synthetic cohort analysis

Introduction to Labor Economics

Labor Supply

Labor Market Equilibrium

Compensating Wage Differentials

Human Capital

The Wage Structure

Labor Mobility

Labor Market Discrimination

Labor Unions

Incentive Pay

Unemployment

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