Question 1

According to the text, the main reason for the increase in inequality since 1980 is

Accepted Answer

A)  the policies favored by Ronald Reagan. 
B)  higher compensation of corporation bosses. 
C)  technical change favoring those with more human capital. 
D)  decreased international trade. 
A)  the policies favored by Ronald Reagan. 
B)  higher compensation of corporation bosses. 
C)  technical change favoring those with more human capital. 
D)  decreased international trade.

Question 2

Table 14.1 Incomes in Pololand
  
-According to Table 14.1, in which period is the Gini coefficient lowest?

Accepted Answer

A)  1 
B)  2 
C)  3 
D)  4 
A)  1 
B)  2 
C)  3 
D)  4

Question 3

If all incomes were to fall by ten percent (due to deflation, for example) then the variance of income will

Accepted Answer

A)  increase. 
B)  decrease. 
C)  remain unchanged. 
D)  either increase or decrease. 
A)  increase. 
B)  decrease. 
C)  remain unchanged. 
D)  either increase or decrease.

Question 4

Technological change

Accepted Answer

A)  is the equivalent of a decrease in the price of capital. 
B)  is the equivalent of an increase in international trade. 
C)  will always decrease the demand for less-educated workers. 
D)  will always decrease the demand for well-educated workers. 
A)  is the equivalent of a decrease in the price of capital. 
B)  is the equivalent of an increase in international trade. 
C)  will always decrease the demand for less-educated workers. 
D)  will always decrease the demand for well-educated workers.

Question 5

If a number of new workers enter the labor force and all of them find jobs at the mean level of wages, then this will cause the variance of wages to

Accepted Answer

A)  increase. 
B)  decrease. 
C)  remain unchanged. 
D)  either increase or decrease. 
A)  increase. 
B)  decrease. 
C)  remain unchanged. 
D)  either increase or decrease.

According to the text, the main reason for the increase in inequality since 1980 is

Table 14.1 Incomes in Pololand -According to Table 14.1, in which period is the Gini coefficient lowest?

If all incomes were to fall by ten percent (due to deflation, for example) then the variance of income will

Technological change

If a number of new workers enter the labor force and all of them find jobs at the mean level of wages, then this will cause the variance of wages to

Introduction

Overview of the Labor Market

The Demand for Labor

Labor Demand Elasticities

Frictions in the Labor Market

Supply of Labor to the Economy: the Decision to Work

Labor Supply: Household Production, the Family, and the Life Cycle

Compensating Wage Differentials and Labor Markets

Investments in Human Capital: Education and Training

Worker Mobility: Migration, Immigration, and Turnover

Pay and Productivity: Wage Determination Within the Firm

Gender, Race, and Ethnicity in the Labor Market

Unions and the Labor Market

Unemployment

The Labor Market Effects of International Trade and Production Sharing

Filters

Exam 15: Inequality in Earnings

According to the text, the main reason for the increase in inequality since 1980 is

Table 14.1 Incomes in Pololand -According to Table 14.1, in which period is the Gini coefficient lowest?

If all incomes were to fall by ten percent (due to deflation, for example) then the variance of income will

Technological change

If a number of new workers enter the labor force and all of them find jobs at the mean level of wages, then this will cause the variance of wages to

Introduction

Overview of the Labor Market

The Demand for Labor

Labor Demand Elasticities

Frictions in the Labor Market

Supply of Labor to the Economy: the Decision to Work

Labor Supply: Household Production, the Family, and the Life Cycle

Compensating Wage Differentials and Labor Markets

Investments in Human Capital: Education and Training

Worker Mobility: Migration, Immigration, and Turnover

Pay and Productivity: Wage Determination Within the Firm

Gender, Race, and Ethnicity in the Labor Market

Unions and the Labor Market

Unemployment

The Labor Market Effects of International Trade and Production Sharing

Filters