Exam 13: Earnings, Productivity, and the Job Market

Assume that Burger King employees work in an air-conditioned environment while McDonalds employees do not. Other things equal, you would expect wages to be in Burger King because . (Fill in the blanks)

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Question 1

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Which of the following is true of occupational licensing laws?

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Question 2

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In the late 1800s, Bernard made buggy whips. Their quality was such that people came from hundreds of miles to buy the whips. As mechanized transportation developed, horse-drawn buggies largely disappeared and so did the demand for Bernard's whips. Would Bernard have been better off if these new modes of transportation had never been invented?

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While Bernard's case is a bit difficult, we can clearly say that society is better off with automobile, truck, and air travel. Bernard saw his unique skill made obsolete, and he most likely went out of business, but what other job opportunities for those with more general talents like his were created by the new modes of transportation? Did Bernard get one of these jobs and with greater earnings? Also, like everyone else, Bernard benefited from the reduced transportation costs and wider availability of goods that the technology brought.

Regarding automation, which of the following is true?

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Question 4

Which of the following would cause the demand for computer programmers to increase?

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Question 5

Technological progress generally has the effect of

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Question 6

Other things the same, the wages in an occupation are likely to be higher the more

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Question 7

In an environment of tournament pay, it is quite likely that marginally more productive employees will receive

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Question 8

Window cleaners that work the top floors of high-rise office buildings are, on average, paid approximately 30 percent more an hour than those that clean windows on the bottom floor. This is an example of

(Multiple Choice)

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Question 9

The real wages of workers will tend to be high when

(Multiple Choice)

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Question 10

Suppose that an employer hires workers with blue eyes and workers with brown eyes. Each type of worker has the same productivity. Which of the following is correct if the employer discriminates by offering blue-eyed workers lower wages than brown-eyed workers?

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Question 11

Wages in the United States are higher than those in Mexico primarily because

(Multiple Choice)

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Question 12

Suppose technological improvements reduced the cost of producing automobiles by 50 percent, causing the price of automobiles to decline by a similar amount. Which of the following would necessarily result from this development?

(Multiple Choice)

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Question 13

Which one of the following is most likely to reduce the mobility of labor between jobs?

(Multiple Choice)

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Question 14

Which of the following is most likely to cause the productivity of labor to increase?

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Question 15

Suppose the mean earnings of two groups differ. Which of the following would be the logical conclusion?

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Question 16

Economic studies have generally found that professional sports players have salaries that

(Multiple Choice)

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Question 17

Business owners who care only about maximizing profits are

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Question 18

In a market economy, which of the following is most important if a worker is going to achieve high earnings?

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Question 19

Economic theory suggests that college graduates receive higher wages than those with only a high school education because

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Question 20

Showing 1 - 20 of 91

Assume that Burger King employees work in an air-conditioned environment while McDonalds employees do not. Other things equal, you would expect wages to be in Burger King because . (Fill in the blanks)

Which of the following is true of occupational licensing laws?

Regarding automation, which of the following is true?

Which of the following would cause the demand for computer programmers to increase?

Technological progress generally has the effect of

Other things the same, the wages in an occupation are likely to be higher the more

In an environment of tournament pay, it is quite likely that marginally more productive employees will receive

Window cleaners that work the top floors of high-rise office buildings are, on average, paid approximately 30 percent more an hour than those that clean windows on the bottom floor. This is an example of

The real wages of workers will tend to be high when

Suppose that an employer hires workers with blue eyes and workers with brown eyes. Each type of worker has the same productivity. Which of the following is correct if the employer discriminates by offering blue-eyed workers lower wages than brown-eyed workers?

Wages in the United States are higher than those in Mexico primarily because

Suppose technological improvements reduced the cost of producing automobiles by 50 percent, causing the price of automobiles to decline by a similar amount. Which of the following would necessarily result from this development?

Which one of the following is most likely to reduce the mobility of labor between jobs?

Which of the following is most likely to cause the productivity of labor to increase?

Suppose the mean earnings of two groups differ. Which of the following would be the logical conclusion?

Economic studies have generally found that professional sports players have salaries that

Business owners who care only about maximizing profits are

In a market economy, which of the following is most important if a worker is going to achieve high earnings?

Economic theory suggests that college graduates receive higher wages than those with only a high school education because

The Economic Approach

Some Tools of the Economist

Demand, Supply, and the Market Process

Supply and Demand: Applications and Extensions

Difficult Cases for the Market, and the Role of Government

The Economics of Political Action

Consumer Choice and Elasticity

Costs and the Supply of Goods

Price Takers and the Competitive Process

Price-Searcher Markets With Low Entry Barriers

Price-Searcher Markets With High Entry Barriers

The Supply of and Demand for Productive Resources

Investment, the Capital Market, and the Wealth of Nations

Income Inequality and Poverty

Gaining From International Trade

Filters

Exam 13: Earnings, Productivity, and the Job Market

Assume that Burger King employees work in an air-conditioned environment while McDonalds employees do not. Other things equal, you would expect wages to be ____ in Burger King because ____. (Fill in the blanks)

Which of the following is true of occupational licensing laws?

Regarding automation, which of the following is true?

Which of the following would cause the demand for computer programmers to increase?

Technological progress generally has the effect of

Other things the same, the wages in an occupation are likely to be higher the more

In an environment of tournament pay, it is quite likely that marginally more productive employees will receive

Window cleaners that work the top floors of high-rise office buildings are, on average, paid approximately 30 percent more an hour than those that clean windows on the bottom floor. This is an example of

The real wages of workers will tend to be high when

Suppose that an employer hires workers with blue eyes and workers with brown eyes. Each type of worker has the same productivity. Which of the following is correct if the employer discriminates by offering blue-eyed workers lower wages than brown-eyed workers?

Wages in the United States are higher than those in Mexico primarily because

Suppose technological improvements reduced the cost of producing automobiles by 50 percent, causing the price of automobiles to decline by a similar amount. Which of the following would necessarily result from this development?

Which one of the following is most likely to reduce the mobility of labor between jobs?

Which of the following is most likely to cause the productivity of labor to increase?

Suppose the mean earnings of two groups differ. Which of the following would be the logical conclusion?

Economic studies have generally found that professional sports players have salaries that

Business owners who care only about maximizing profits are

In a market economy, which of the following is most important if a worker is going to achieve high earnings?

Economic theory suggests that college graduates receive higher wages than those with only a high school education because

The Economic Approach

Some Tools of the Economist

Demand, Supply, and the Market Process

Supply and Demand: Applications and Extensions

Difficult Cases for the Market, and the Role of Government

The Economics of Political Action

Consumer Choice and Elasticity

Costs and the Supply of Goods

Price Takers and the Competitive Process

Price-Searcher Markets With Low Entry Barriers

Price-Searcher Markets With High Entry Barriers

The Supply of and Demand for Productive Resources

Investment, the Capital Market, and the Wealth of Nations

Income Inequality and Poverty

Gaining From International Trade

Filters

Assume that Burger King employees work in an air-conditioned environment while McDonalds employees do not. Other things equal, you would expect wages to be in Burger King because . (Fill in the blanks)