Exam 18: Labor Markets

A Levitt and Fryer study tested how much African-American names mattered in the long run for earnings. Their study found that: I. résumés with names like Lakisha and Jamal got many fewer interview requests. II. having an African-American name does not matter in the long run for earnings. III. once the neighborhood the person comes from is controlled for, there is not a significant difference in earnings.

Firms have an incentive to provide safer workplaces, because increased safety can save employers money in the form of lower wages.

Explain how the impact of discrimination driven by customers may be different from that driven by employers.

Which of the following is the least likely explanation for an increase in wages needed to attract a given number of workers?

The market wage of computer programmers is determined by:

If all people had the same preferences and productivity, then the currently highest paying jobs would be the most:

Pro-segregation policies in the American South often came from:

Which of the following statements is FALSE?

People with more education on average earn:

With the aid of a graph, explain how unions act like cartels.

Which of the following is NOT a reason why a student may choose to attend college?

The marginal product of labor tends to fall because the first workers hired do the most important tasks and as more workers are hired they are assigned to less important tasks.

The normal shape of the labor market supply curve is:

Good-looking people:

Human capital refers to tools like computers and telecommunication.

Some workers have lower wages than others because:

Which of the following is the most important source of differences in the wages paid to workers?

If the marginal product of labor is constant in labor, then a market labor demand curve is:

Workers tend to earn more in more productive economies because there is a larger labor force in such economies.

Marginal product of labor typically ______ as more labor is hired.