Exam 19: Earnings and Discrimination.

List the productivity factors that may explain the differences in pay between men and women in similar occupations.Do any of these factors arise as a result of cultural or social traditions? If so,describe how changes in social relationships will affect the pay gap over time.

Figure 19-1 -Refer to Figure 19-1.Suppose the local labor market was in equilibrium to begin with but then the largest local employer decided to change its compensation scheme to $10 as shown.Which of the following compensation schemes could the graph be illustrating?

How does the theory of efficiency wages explain above-equilibrium wages?

George and Brad are waiters at a local restaurant.The female customers prefer to be seated at the tables that George waits on because they think George is better looking than Brad.If George earns more than Brad because of his better looks,this is an example of

Which of the following scenarios would serve to decrease the demand for unskilled labor in our country?

A manager of a small firm who believes in the signaling theory of education would encourage her employees to obtain additional education to raise their on-the-job productivity.

As a result of an increase in the earnings gap between skilled and unskilled jobs,the incentive to get a college education has been declining.

Discrimination is an emotionally charged issue that is impossible to study objectively.

A signaling theory of education suggests that

A college degree makes a person more productive according to

Which of the following is an example of human capital for a college economics professor?

Which of the following is not correct?

In order to explain the widening gap in earnings between skilled and unskilled workers in recent years,economists have proposed two hypotheses.One hypothesis emphasizes

A compensating differential is a difference in wages due to higher levels of education or other forms of human capital.

Dr.Benson is regarded as,by far,the best dentist in his part of the country,yet his income is not significantly higher than the average income for a dentist in his area.In contrast,Bo Johnson,the best baseball player in that region,earns five times the average salary of all baseball players.The most likely explanation is that

Increases in international trade and technological change have been offered as explanations for the

In the early 20th century,streetcar seating which was segregated by race

Who among the following individuals most likely experiences the largest nonmonetary reward as a supplier of labor? Assume all of the four individuals have the same level of education and work the same number of hours per week.

Scenario 19-4 Assume that the labor market for barbers is competitive and that it is differentiated into two groups: barbers who are bald (or going bald) and those who have a full head of hair. Assume that the barbers in this market have identical hair-cutting ability, regardless of whether they are bald or not. Currently the equilibrium wage in the bald barber market is lower than that in the nonbald market. Further assume that the market for haircuts is competitive. -Refer to Scenario 19-4.If consumers do not discriminate between bald barbers and barbers with hair,then

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