Exam 11: Labour Markets and the Distribution of Income

Which of the following best explains why garbage collectors are paid a higher wage than many others with comparable skills?

Which of the following is the best example of an investment in human capital?

Other things being equal, what effect would an increase in the workplace amenities, such as increased health care and more generous vacation options, tend to have on the labour supply curve?

Other things being equal, an increase in labour productivity will shift the labour supply curve to the right.

Which of the following statements best describes job amenities?

What is the process of negotiations between representatives of employees and unions referred to as?

If we consider age distribution, institutional factors, and in-kind transfer programs, income distribution is likely considerably more unequal than it appears from measured income.

Canada's progressive income tax system results in a more equal after-tax distribution of income when compared to before-tax income.

As more workers are hired to harvest grapes in a vineyard, the fields become overcrowded. As a result, the marginal product of labour is likely to diminish.

Which of the following government programs are likely to aid the poor more than those in upper income brackets?

In many communities across the country it is very difficult for firms to hire sufficient numbers of entry-level workers. If firms do not wish to raise money wages, what else might they do to attract workers?

If workers have more capital to work with, labour productivity increases. What would the result in the market demand curve for labour be?

The demand for labour is derived from the demand for final goods.

An increase in the divorce rate has caused the measured distribution of income in Canada to appear more unequal.

Approximately what percentage of national income is compensation received by owners of land, capital, and entrepreneurial skills?

Which of the following countries shows the lowest disparities in income?

Paul, a worker whose income currently places him among the poorest 20 percent of Canadians, is more likely than not to remain in that lowest quintile for the next decade.

Other things being equal, what would an increase in the labour force resulting from increased immigration tend to result in?

Which of the following will NOT contribute to higher wage rates for labour?

What term do economists use to refer to expenditures on training, education, and skill development designed to increase the productivity of an individual?