Exam 19: Earnings and Discrimination

The following jobs are ranked from most desirable to least desirable from a survey of college seniors: personal fitness trainer,financial analyst,insurance agent,and sales clerk.Which of the four jobs will pay the least?

Economists have proposed which of the following hypotheses to explain the rising wage gap between skilled and unskilled workers? (i) increases in the role of unions in setting skilled wage scales (ii) increasing international trade (iii) technological change

Scenario 19-5 Billy works for the local piano moving company part-time after school. Billy has worked for the company for two years but still hasn't received a wage increase, even though newer employees have received raises. Billy has threatened his employer with a lawsuit if he doesn't get a raise in the next few weeks. Billy believes he is a victim of labor-market discrimination. -Refer to Scenario 19-5.Why might an economist be skeptical of Billy's discrimination complaint?

The most popular movie stars have high incomes for a number of reasons.One such reason is

The Asian Development Bank has been investing in education and training programs in the developing economies of Asia over the last five years.As a result of this investment,economists who adhere to the human capital view of education would predict

Which of the following are examples of changing employment trends? (i) Technological advances have replaced a great many routine jobs in the U.S.such as bank tellers and telephone operators. (ii) The number of people wanting to work in the personal services sector in the U.S.is increasing. (iii) Employment in the U.S.agricultural sector has declined by about 30 percentage points in the last century. (iv) Employment in the U.S.manufacturing sector has declined,while employment in manufacturing has increased worldwide.

Jill is the best eye surgeon in town,and she earns $350,000 a year.Susan is an average eye surgeon in town,and she earns $100,000 a year.Jill's skills as a surgeon

The National Collegiate Athletic Association (NCAA)has long argued that nationally-prominent college athletes are compensated with an investment in human capital that far exceeds the monetary reward of playing professional sports.Examine this argument in light of your knowledge of human capital theory and the economic theory of labor markets.

For a "superstar" to emerge,it must be the case that

Which of the following factors affects the marginal productivity of a worker?

A difference in wages that arises to offset the nonmonetary characteristics of different jobs is known as

A recent law school graduate is considering two offers to practice law,one in California and one in Alabama.The California bar exam is very difficult to pass,in part because California has a large number of unaccredited law schools.Assuming all other things equal,the attorney would expect

Which of the following statements is not correct?

Which of the following statements correctly identifies the shift in employment in the manufacturing sector in the United States?

A 1990 study of the market for collectable baseball cards suggested

A signaling theory of education suggests that educational attainment

The "beauty premium" can be explained by the fact that

If men,on average,earn 20 percent more than women in a particular occupation,

The ownership of human capital

The signaling theory of education maintains that workers who complete specific levels of education signal their high productivity to potential to employers.