Exam 19: Earnings and Discrimination

One example of labor-market discrimination is that a firm may be less likely to interview a job candidate whose resume clearly indicates he is not a good fit for the job.

Sometimes wages are set above the equilibrium level when

If a good is produced with technology that allows the best producer to supply every customer at a low cost and every customer in the market wants to enjoy the good supplied by the best producer, the best producer will be called a

The very high pay earned by the best actors and actresses is partially explained by the fact that

Empirical work that does not account for differences in the productivity of workers

Which theory states that education is correlated with natural ability?

A signaling theory of education suggests that educational attainment

A difference in wages that arises to offset the nonmonetary characteristics of different jobs is known as

Jake and Harry each have 130 hours of college credit from Impressive University. Each has 30 hours of economics. Jake has a bachelor's degree, while Harry is 3 credits short of required physical education classes and therefore does not have a degree. Each of them has one year of experience as a market analyst for ABC Company. Assuming that the physical education class would not enhance Harry's job performance, if Jake earns a higher salary than Harry, the ABC Company may subscribe to the

Figure 19-1 -Refer to Figure 19-1. What is the change in employment of having the minimum wage at $8 instead of $7?

That some schools direct females away from science and math courses is evidence of

Over the past several years, the earnings gap between high-skilled and low-skilled workers has (i) Narrowed because the demand for unskilled labor has risen over time relative to the demand for skilled labor. (ii) Widened because the demand for skilled labor has risen over time relative to the demand for unskilled labor. (iii) Narrowed because the supply of unskilled labor has risen over time relative to the supply of skilled labor. (iv) Widened because the supply of skilled labor has risen over time relative to the supply of unskilled labor.

Table 19-1 Source: US Census Bureau and Mankiw's calculations -Refer to Table 19-1. From 1975 to 2011, the salary gap among women who graduate from college compared to those who complete only high school

The most popular movie stars have high incomes for a number of reasons. One such reason is

Factory workers who work the day shift earn less per hour than similarly-skilled factory workers who work the night shift. The difference in pay is attributed to

Which of the following statements does not accurately describe the market for labor?

Which of the following is an example of labor-market discrimination? You may assume that worker A and worker B have identical characteristics except for the ones listed. A firm offers a higher salary to worker A than worker B because worker A

Unions are often able to sustain wages above the equilibrium wage because they can threaten to

Christy and Claudia are aspiring models. Talent scouts consider them to be similarly beautiful. Both enter a talent show. Claudia contracts food poisoning the night before the competition and withdraws. Christy wins the competition and signs a multi-million dollar contract. The differences in their earnings likely reflect

Studies of professional sports teams suggest that, in sports, racial discrimination in previous decades was