Question 1

Many economists believe that competitive, market economies provide a natural antidote to employer discrimination known as the

Accepted Answer

The answer of Many economists believe that competitive, market economies...

Question 2

Regarding wage differences among various groups of workers - blacks and whites, men and women, etc. - most economists believe that

Accepted Answer

A) no such differences are evident from the available data. 
B) most of the differences are attributable to discrimination. 
C) some of the wage differences are attributable to discrimination, but there is disagreement about how much. 
D) none of the differences are attributable to discrimination. 
A) no such differences are evident from the available data. 
B) most of the differences are attributable to discrimination. 
C) some of the wage differences are attributable to discrimination, but there is disagreement about how much. 
D) none of the differences are attributable to discrimination.

Question 3

Explain the theory that education acts as a signaling device. How does this contrast with the theory of education as an investment in human capital?

Accepted Answer

The theory of signaling suggests that th

Question 4

According to the signaling theory of education,

Accepted Answer

A) schooling sends signals to employers in much the same way that advertising sends signals to consumers. 
B) a person becomes more productive by earning a college degree. 
C) education is less important than natural ability. 
D) All of the above are correct. 
A) schooling sends signals to employers in much the same way that advertising sends signals to consumers. 
B) a person becomes more productive by earning a college degree. 
C) education is less important than natural ability. 
D) All of the above are correct.

Question 5

Figure 19-6  
-Refer to Figure 19-6. Given demand, D1, and supply, S2, how many fewer people are employed if a minimum wage of $8 per hour is imposed on this market as compared to allowing wages to adjust to balance labor demand and labor supply?

Accepted Answer

The answer of Figure 19-6  
-Refer to Figure 19-6....

Question 6

Allen and Ellen both work at Burger Ranch. Allen is paid more than Ellen. Which of the following could explain why Allen is paid more?

Accepted Answer

A) The manager discriminates against women. 
B) Allen works the undesirable early morning shift. 
C) Allen has more experience and so more human capital. 
D) All of the above could be correct. 
A) The manager discriminates against women. 
B) Allen works the undesirable early morning shift. 
C) Allen has more experience and so more human capital. 
D) All of the above could be correct.

Question 7

According to the Hamermesh and Biddle study, people deemed more attractive than average earn

Accepted Answer

A) 30-40 percent more than unattractive people. 
B) about 5 percent more than average looking people. 
C) the same as average looking people and 15-20 percent more than unattractive people. 
D) 25 percent more than average looking people and 50 percent more than unattractive people. 
A) 30-40 percent more than unattractive people. 
B) about 5 percent more than average looking people. 
C) the same as average looking people and 15-20 percent more than unattractive people. 
D) 25 percent more than average looking people and 50 percent more than unattractive people.

Question 8

The signaling theory of education is most similar to the

Accepted Answer

A) human capital theory of education. 
B) discrimination theory of advertising. 
C) signaling theory of advertising. 
D) efficiency wage theory of labor economics. 
A) human capital theory of education. 
B) discrimination theory of advertising. 
C) signaling theory of advertising. 
D) efficiency wage theory of labor economics.

Question 9

Education and on-the-job training are sources of human capital.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) 2 million jobs are gained 
B) no jobs are gained or lost 
C) 1 million jobs are lost 
D) 3 million jobs are lost 
A) 2 million jobs are gained 
B) no jobs are gained or lost 
C) 1 million jobs are lost 
D) 3 million jobs are lost

Question 11

Which of the following is an example of discrimination in the labor market?

Accepted Answer

A) Women earn less than men because women are more likely to be employed in occupations that pay less, such as elementary school teachers rather than electrical engineers. 
B) Women earn less than men because women have, on average, fewer years of experience in the labor force because women, on average, periodically leave the labor force to raise children. 
C) A pharmaceutical sales company pays women less than men because the company's customers, physicians and pharmacists, say that they prefer to deal with men rather than women. 
D) All of the above are examples of discrimination. 
A) Women earn less than men because women are more likely to be employed in occupations that pay less, such as elementary school teachers rather than electrical engineers. 
B) Women earn less than men because women have, on average, fewer years of experience in the labor force because women, on average, periodically leave the labor force to raise children. 
C) A pharmaceutical sales company pays women less than men because the company's customers, physicians and pharmacists, say that they prefer to deal with men rather than women. 
D) All of the above are examples of discrimination.

Exam 19: Earnings and Discrimination

Many economists believe that competitive, market economies provide a natural antidote to employer discrimination known as the

Regarding wage differences among various groups of workers - blacks and whites, men and women, etc. - most economists believe that

Explain the theory that education acts as a signaling device. How does this contrast with the theory of education as an investment in human capital?

According to the signaling theory of education,

Figure 19-6 -Refer to Figure 19-6. Given demand, D1, and supply, S2, how many fewer people are employed if a minimum wage of $8 per hour is imposed on this market as compared to allowing wages to adjust to balance labor demand and labor supply?

Allen and Ellen both work at Burger Ranch. Allen is paid more than Ellen. Which of the following could explain why Allen is paid more?

According to the Hamermesh and Biddle study, people deemed more attractive than average earn

The signaling theory of education is most similar to the

Education and on-the-job training are sources of human capital.

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

Which of the following is an example of discrimination in the labor market?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Elasticity and Its Application

Supply, Demand, and Government Policies

Consumers, Producers, and the Efficiency of Markets

Applications: the Costs of Taxation

Application: International Trade

Externalities

Public Goods and Common Resources

The Design of the Tax System

The Costs of Production

Firms in Competitive Markets

Monopoly

Monopolistic Competition

Oligopoly

The Markets for the Factors of Production

Income Inequality and Poverty

The Theory of Consumer Choice

Frontiers in Microeconomics

Measuring a Nation S Income

Measuring the Cost of Living

Production and Growth

Saving, Investment, and the Financial System

Tools of Finance

Unemployment and Its Natural Rate

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Six Debates Over Macroeconomic Policy

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