Exam 13: B: Labor Markets

Two jobs have different training requirements,and the job that requires more extensive training currently pays $20 more per hour.The jobs are equivalent in all other respects.If labor is migrating from the job with lower training requirements to the job with greater training requirements,then

A labor market is divided into two segments.All workers have the same qualifications and find jobs in either segment equally attractive.Initially,both segments are in competitive equilibrium.Then the development of employer prejudice reduces employment of minorities in one segment.In the long run,there will likely be a change in

If a group of professionals successfully lobby the government to require workers in their profession to have a license,the most likely result will be a(n)

Many economists argue that the best way to correct employer discrimination is to

Patrick is considering two different jobs in the same city-one as a bicycle courier,and the other as a mail room clerk.Both require equivalent training.He finds neither job very appealing,but,if they pay the same wage rate,Patrick would prefer to work as a mail room clerk.In order for Patrick to find the two jobs equally attractive,the

Economists consider the minimum wage to be a

Each of the following,except one,can explain why a given job pays a compensating wage differential.Which is the exception?

Wages typically vary among individuals for all of the following reasons,except one.Which is the exception?

Which of the following would most likely cause a job to command a compensating wage differential?

Each of the following,except one,is an example of a nonmonetary job characteristic.Which is the exception?

Jobs that require more costly training generally have

In the long run,those who are hurt by the minimum wage are

Which of the following jobs is most likely to have a positive compensating wage differential?

If the American Medical Association lobbied successfully to eliminate licensing laws for physicians,

In the vicious cycle of discrimination,

If an employer begins to pay higher wages to white workers,then in the short run

Barriers that prevent workers from entering particular labor markets

Less-risky professions tend to enjoy compensating wage differentials.

One difficulty with the idea of comparable worth is that

Everything else being equal,a job in which workers face a relatively small chance of being laid off would generally have