Question 1

Which of the following is a reason why job A would pay a higher wage rate than job B?

Accepted Answer

A) job B requires more education 
B) job A offers greater fringe benefits 
C) job A offers free parking 
D) job A involves greater risk 
E) job B has a higher skill requirement 
A) job B requires more education 
B) job A offers greater fringe benefits 
C) job A offers free parking 
D) job A involves greater risk 
E) job B has a higher skill requirement

Question 2

If neither employers nor consumers are prejudiced,

Accepted Answer

A) discrimination cannot occur 
B) all wages will be equal for all workers 
C) there will be no non-ability-based wage differentials between different groups of workers 
D) statistical discrimination may still occur 
E) all equally qualified potential workers have an equal chance of employment and advancement 
A) discrimination cannot occur 
B) all wages will be equal for all workers 
C) there will be no non-ability-based wage differentials between different groups of workers 
D) statistical discrimination may still occur 
E) all equally qualified potential workers have an equal chance of employment and advancement

Question 3

Wage differentials are due exclusively to differences in market structure.

Accepted Answer

A) True 
 B)False

Question 4

Teachers often earn less than truck drivers because

Accepted Answer

A) teachers could switch to trucking more easily than truckers could switch to teaching 
B) trucking is a riskier occupation 
C) truckers require greater education 
D) teachers have more job mobility 
E) trucking has a higher social status 
A) teachers could switch to trucking more easily than truckers could switch to teaching 
B) trucking is a riskier occupation 
C) truckers require greater education 
D) teachers have more job mobility 
E) trucking has a higher social status

Question 5

Prejudice can generate market forces that lead to a permanent shift of an unfavored minority into low-wage jobs when the prejudice originates with

Accepted Answer

A) employees or customers 
B) employers,employees,or customers 
C) employees only 
D) employers or employees 
E) customers only 
A) employees or customers 
B) employers,employees,or customers 
C) employees only 
D) employers or employees 
E) customers only

Question 6

Occupational licensing

Accepted Answer

A) provides access to employment opportunities for many new workers 
B) typically benefits employees in the licensed occupation 
C) enables the supply curves of labor to shift more readily in response to wage changes 
D) is illegal in the United States 
E) usually results in higher employment levels in the licensed occupation 
A) provides access to employment opportunities for many new workers 
B) typically benefits employees in the licensed occupation 
C) enables the supply curves of labor to shift more readily in response to wage changes 
D) is illegal in the United States 
E) usually results in higher employment levels in the licensed occupation

Which of the following is a reason why job A would pay a higher wage rate than job B?

If neither employers nor consumers are prejudiced,

Wage differentials are due exclusively to differences in market structure.

Teachers often earn less than truck drivers because

Prejudice can generate market forces that lead to a permanent shift of an unfavored minority into low-wage jobs when the prejudice originates with

Occupational licensing

What Is Economics

Scarcity, choice, and Economic Systems

Supply and Demand

Working With Supply and Demand

Elasticity

Consumer Choice

Production and Cost

How Firms Make Decisions: Profit Maximization

Perfect Competition

B:Perfect Competition

Monopolistic Competition and Oligopoly

Monopoly

Labor Markets

Capital and Financial Markets

Economic Efficiency and the Competitive Ideal

Governments Role in Economic Efficiency

Comparative Advantage and the Gains From International Trade

Filters

Exam 13: B: Labor Markets

Which of the following is a reason why job A would pay a higher wage rate than job B?

If neither employers nor consumers are prejudiced,

Wage differentials are due exclusively to differences in market structure.

Teachers often earn less than truck drivers because

Prejudice can generate market forces that lead to a permanent shift of an unfavored minority into low-wage jobs when the prejudice originates with

Occupational licensing

What Is Economics

Scarcity, choice, and Economic Systems

Supply and Demand

Working With Supply and Demand

Elasticity

Consumer Choice

Production and Cost

How Firms Make Decisions: Profit Maximization

Perfect Competition

B:Perfect Competition

Monopolistic Competition and Oligopoly

Monopoly

Labor Markets

Capital and Financial Markets

Economic Efficiency and the Competitive Ideal

Governments Role in Economic Efficiency

Comparative Advantage and the Gains From International Trade

Filters