Question 1

Statistical discrimination arises because

Accepted Answer

A)  Employers are non-profit maximisers 
B)  There are difficulties in estimating the amount of discrimination precisely 
C)  There is misspecification. 
D)  There are differences in mean abilities across groups. 
A)  Employers are non-profit maximisers 
B)  There are difficulties in estimating the amount of discrimination precisely 
C)  There is misspecification. 
D)  There are differences in mean abilities across groups. D

Question 2

Employer discrimination will result in

Accepted Answer

A)  Greater profits for the employer 
B)  Firm or occupational segregation 
C)  An increase in the monopoly power of the employer 
D)  Lower wages for those subject to the discrimination. 
A)  Greater profits for the employer 
B)  Firm or occupational segregation 
C)  An increase in the monopoly power of the employer 
D)  Lower wages for those subject to the discrimination. D

Question 3

The Arrow-Capon model of a dynamic shortage results from which of the following?

Accepted Answer

A)  Lags in decision-making as a result of institutional arrangements 
B)  A failure to raise wages 
C)  The ubiquity of monopsonistic labour markets 
D)  Technological change. 
A)  Lags in decision-making as a result of institutional arrangements 
B)  A failure to raise wages 
C)  The ubiquity of monopsonistic labour markets 
D)  Technological change. A

Question 4

Non-work-limited disabled workers

Accepted Answer

A)  Are not covered by anti-discrimination legislation 
B)  Are workers who have been misclassified as disabled as a result of justification bias 
C)  Always suffer from discrimination 
D)  Have similar earnings to the non-disabled. 
A)  Are not covered by anti-discrimination legislation 
B)  Are workers who have been misclassified as disabled as a result of justification bias 
C)  Always suffer from discrimination 
D)  Have similar earnings to the non-disabled.

Question 5

Over-education means that

Accepted Answer

A)  An individual has a higher level of education than is the norm in a particular occupation 
B)  The individual has a higher level of education than his or her ability suggests is appropriate 
C)  The individual is merely in a transitional job 
D)  None of these. 
A)  An individual has a higher level of education than is the norm in a particular occupation 
B)  The individual has a higher level of education than his or her ability suggests is appropriate 
C)  The individual is merely in a transitional job 
D)  None of these.

Question 6

Under-education may persist because

Accepted Answer

A)  Such workers are unable to obtain a job which requires their own level of education 
B)  Experience is a substitute for education 
C)  The individual has higher productivity compared to matched workers with the same level of education 
D)  None of these. 
A)  Such workers are unable to obtain a job which requires their own level of education 
B)  Experience is a substitute for education 
C)  The individual has higher productivity compared to matched workers with the same level of education 
D)  None of these.

Question 7

Which of the following adjustments are most often used to overcome labour shortages

Accepted Answer

A)  Raising wages 
B)  Increasing overtime working 
C)  Reducing output 
D)  Increasing capital intensity. 
A)  Raising wages 
B)  Increasing overtime working 
C)  Reducing output 
D)  Increasing capital intensity.

Question 8

The index number problem means that

Accepted Answer

A)  The equilibrium outcome has been ignored 
B)  The intercept term has not been included in the estimating equation 
C)  No allowance has been made for differing personal characteristics between groups 
D)  Different estimates of discrimination are derived according to which group is the reference group. 
A)  The equilibrium outcome has been ignored 
B)  The intercept term has not been included in the estimating equation 
C)  No allowance has been made for differing personal characteristics between groups 
D)  Different estimates of discrimination are derived according to which group is the reference group.

Statistical discrimination arises because

Employer discrimination will result in

The Arrow-Capon model of a dynamic shortage results from which of the following?

Non-work-limited disabled workers

Over-education means that

Under-education may persist because

Which of the following adjustments are most often used to overcome labour shortages

The index number problem means that

Labour Force Participation

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Trade Unions

Bargaining and Conflict

The Structure of Labour Markets

Wage Incentives

Labour Market Policy

Filters

Exam 5: Extensions of Labour Demand: Mismatches in the Labour Market

Statistical discrimination arises because

Employer discrimination will result in

The Arrow-Capon model of a dynamic shortage results from which of the following?

Non-work-limited disabled workers

Over-education means that

Under-education may persist because

Which of the following adjustments are most often used to overcome labour shortages

The index number problem means that

Labour Force Participation

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Trade Unions

Bargaining and Conflict

The Structure of Labour Markets

Wage Incentives

Labour Market Policy

Filters