Question 1

Within each age group,people with ________ are most likely to migrate.

Accepted Answer

A)  a large amount of education 
B)  a large amount of experience 
C)  young children 
D)  no current employment 
A)  a large amount of education 
B)  a large amount of experience 
C)  young children 
D)  no current employment

Question 2

Most college professors have tenure,which makes it very hard to fire them.What is the effect of tenure on the academic job market?

Accepted Answer

A)  It makes it more likely the wages of tenured professors will reflect their productivity. 
B)  It makes it more likely that professors will be well matched to the institutions they teach in. 
C)  It reduces the job mobility of tenured professors. 
D)  It increases the professors' willingness to invest in teaching. 
A)  It makes it more likely the wages of tenured professors will reflect their productivity. 
B)  It makes it more likely that professors will be well matched to the institutions they teach in. 
C)  It reduces the job mobility of tenured professors. 
D)  It increases the professors' willingness to invest in teaching.

Question 3

For which of these groups are the psychic costs the greatest obstacle to moving?

Accepted Answer

A)  more educated people 
B)  people moving within a community 
C)  people with children 
D)  single people 
A)  more educated people 
B)  people moving within a community 
C)  people with children 
D)  single people

Question 4

In the past,China limited the movement of workers from rural to urban areas.When it got rid of these limits,one would expect

Accepted Answer

A)  urban wages to rise in order to attract rural workers. 
B)  rural wages to fall as workers leaving depress the rural area. 
C)  national output to rise as workers are better matched with employers. 
D)  national output to fall due to higher total mobility costs. 
A)  urban wages to rise in order to attract rural workers. 
B)  rural wages to fall as workers leaving depress the rural area. 
C)  national output to rise as workers are better matched with employers. 
D)  national output to fall due to higher total mobility costs.

Question 5

Suppose the United States erected a wall on its border with Mexico that increased the cost of illegally immigrating to the United States.The effect of the wall would likely be to

Accepted Answer

A)  increase the educational level of Mexicans immigrating to the United States. 
B)  decrease the educational level of Mexicans illegally immigrating to the United States. 
C)  increase the wages of illegal immigrants in the United States, which in turn would likely increase the number of illegal immigrants. 
D)  decrease the wages of illegal immigrants. 
A)  increase the educational level of Mexicans immigrating to the United States. 
B)  decrease the educational level of Mexicans illegally immigrating to the United States. 
C)  increase the wages of illegal immigrants in the United States, which in turn would likely increase the number of illegal immigrants. 
D)  decrease the wages of illegal immigrants.

Question 6

Higher costs of changing jobs will result in all of the following EXCEPT

Accepted Answer

A)  individual firms' labor supply curves will slope upward. 
B)  some workers will stay in jobs even when they can earn more in an identical job with another firm. 
C)  firms will lose some monopsony power. 
D)  quit rates will not be perfectly responsive to changes in wages. 
A)  individual firms' labor supply curves will slope upward. 
B)  some workers will stay in jobs even when they can earn more in an identical job with another firm. 
C)  firms will lose some monopsony power. 
D)  quit rates will not be perfectly responsive to changes in wages.

Question 7

Suppose there is a large increase in immigrants from Romania into the United States.Native workers in the United States would be better off when they are

Accepted Answer

A)  Gross substitutes with Romanian workers. 
B)  Gross complements with Romanian workers. 
C)  Not affected by the "output effect" caused by the new Romanian workers. 
D)  Complements, but not gross complements, with Romanian workers. 
A)  Gross substitutes with Romanian workers. 
B)  Gross complements with Romanian workers. 
C)  Not affected by the "output effect" caused by the new Romanian workers. 
D)  Complements, but not gross complements, with Romanian workers.

Question 8

In an industry,a unit of output can be produced by 3 unskilled workers or by 1 skilled worker.From this information,skilled and unskilled workers are

Accepted Answer

A)  gross complements. 
B)  substitutes-in-production. 
C)  complements-in-production. 
D)  gross substitutes. 
A)  gross complements. 
B)  substitutes-in-production. 
C)  complements-in-production. 
D)  gross substitutes.

Question 9

The earnings of immigrants,when compared to those of similar native workers,

Accepted Answer

A)  start out above those of the native workers, but increase more slowly. 
B)  start out above those of the native workers, and increase more rapidly. 
C)  start out below those of the native workers, and increase more slowly. 
D)  start out below those of the native workers, but increase more rapidly. 
A)  start out above those of the native workers, but increase more slowly. 
B)  start out above those of the native workers, and increase more rapidly. 
C)  start out below those of the native workers, and increase more slowly. 
D)  start out below those of the native workers, but increase more rapidly.

Question 10

Assuming the demand curve for labor does not shift,a given inflow of immigrants will lower wages more when

Accepted Answer

A)  the labor demand curve is more elastic. 
B)  the domestic labor supply curve is more elastic. 
C)  Both A and B will cause the wage to fall more. 
D)  Neither A nor B will cause the wage to fall more. 
A)  the labor demand curve is more elastic. 
B)  the domestic labor supply curve is more elastic. 
C)  Both A and B will cause the wage to fall more. 
D)  Neither A nor B will cause the wage to fall more.

Question 11

An increase in his or her expected career length will make a worker

Accepted Answer

A)  more likely to change jobs. 
B)  less likely to change jobs. 
C)  exactly as likely to change jobs. 
D)  either more or less likely to change jobs. 
A)  more likely to change jobs. 
B)  less likely to change jobs. 
C)  exactly as likely to change jobs. 
D)  either more or less likely to change jobs.

Question 12

Suppose all home values fall by $50,000,such that when a person moves,they have to take a $50,000 loss as they had borrowed up to the full value of the house.However,assume movers still have the credit to buy a new home.How will this event affect the mobility of homeowners as compared to losing $50,000 in the stock market?

Accepted Answer

A)  Mobility will be the same as either loss is a sunk cost. 
B)  The loss in home value will reduce the mobility of owners more because by not moving, they can avoid facing the loss in their home's value. 
C)  The loss in home value will increase mobility because homes elsewhere are now $50,000 cheaper. 
D)  The loss in home value will increase mobility only if homes are expected to appreciate more than stocks. 
A)  Mobility will be the same as either loss is a sunk cost. 
B)  The loss in home value will reduce the mobility of owners more because by not moving, they can avoid facing the loss in their home's value. 
C)  The loss in home value will increase mobility because homes elsewhere are now $50,000 cheaper. 
D)  The loss in home value will increase mobility only if homes are expected to appreciate more than stocks.

Question 13

How does the quit rate behave over the business cycle?

Accepted Answer

The quit rate moves in a pro-cyclical fa

Question 14

Allowing more immigration of unskilled workers will lower the real wages of skilled workers if

Accepted Answer

A)  unskilled workers are substitutes for skilled workers and the substitution effect dominates the scale effect. 
B)  unskilled workers are complements to skilled workers. 
C)  Both A and B. 
D)  Neither A nor B. 
A)  unskilled workers are substitutes for skilled workers and the substitution effect dominates the scale effect. 
B)  unskilled workers are complements to skilled workers. 
C)  Both A and B. 
D)  Neither A nor B.

Question 15

One model of moving assumes that a family will move when the present value of the wage gains summed over the two spouses exceeds the full cost of moving.Which of the following observations (if true)would give the most support to this model?

Accepted Answer

A)  The higher the observed wage gain of one spouse, the lower is the likely wage gain of the other spouse. 
B)  The higher the observed wage gain of one spouse, the higher is the likely wage gain of the other spouse. 
C)  The wage gain of one spouse is not related to the wage gain of the other spouse. 
D)  A married person and a single person are as equally likely to move when they have the same wage gain from moving. 
A)  The higher the observed wage gain of one spouse, the lower is the likely wage gain of the other spouse. 
B)  The higher the observed wage gain of one spouse, the higher is the likely wage gain of the other spouse. 
C)  The wage gain of one spouse is not related to the wage gain of the other spouse. 
D)  A married person and a single person are as equally likely to move when they have the same wage gain from moving.

Within each age group,people with ________ are most likely to migrate.

Most college professors have tenure,which makes it very hard to fire them.What is the effect of tenure on the academic job market?

For which of these groups are the psychic costs the greatest obstacle to moving?

In the past,China limited the movement of workers from rural to urban areas.When it got rid of these limits,one would expect

Suppose the United States erected a wall on its border with Mexico that increased the cost of illegally immigrating to the United States.The effect of the wall would likely be to

Higher costs of changing jobs will result in all of the following EXCEPT

Suppose there is a large increase in immigrants from Romania into the United States.Native workers in the United States would be better off when they are

In an industry,a unit of output can be produced by 3 unskilled workers or by 1 skilled worker.From this information,skilled and unskilled workers are

The earnings of immigrants,when compared to those of similar native workers,

Assuming the demand curve for labor does not shift,a given inflow of immigrants will lower wages more when

An increase in his or her expected career length will make a worker

How does the quit rate behave over the business cycle?

Allowing more immigration of unskilled workers will lower the real wages of skilled workers if

One model of moving assumes that a family will move when the present value of the wage gains summed over the two spouses exceeds the full cost of moving.Which of the following observations (if true)would give the most support to this model?

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

Pay and Productivity: Wage Determination within the Firm

Gender,Race,and Ethnicity in the Labor Market

Unions and the Labor Market

Unemployment

Inequality in Earnings

The Labor-Market Effects of International Trade and Production Sharing

Filters

Exam 10: Worker Mobility: Migration, Immigration, and Turnover

Within each age group,people with ________ are most likely to migrate.

Most college professors have tenure,which makes it very hard to fire them.What is the effect of tenure on the academic job market?

For which of these groups are the psychic costs the greatest obstacle to moving?

In the past,China limited the movement of workers from rural to urban areas.When it got rid of these limits,one would expect

Suppose the United States erected a wall on its border with Mexico that increased the cost of illegally immigrating to the United States.The effect of the wall would likely be to

Higher costs of changing jobs will result in all of the following EXCEPT

Suppose there is a large increase in immigrants from Romania into the United States.Native workers in the United States would be better off when they are

In an industry,a unit of output can be produced by 3 unskilled workers or by 1 skilled worker.From this information,skilled and unskilled workers are

The earnings of immigrants,when compared to those of similar native workers,

Assuming the demand curve for labor does not shift,a given inflow of immigrants will lower wages more when

An increase in his or her expected career length will make a worker

How does the quit rate behave over the business cycle?

Allowing more immigration of unskilled workers will lower the real wages of skilled workers if

One model of moving assumes that a family will move when the present value of the wage gains summed over the two spouses exceeds the full cost of moving.Which of the following observations (if true)would give the most support to this model?

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

Pay and Productivity: Wage Determination within the Firm

Gender,Race,and Ethnicity in the Labor Market

Unions and the Labor Market

Unemployment

Inequality in Earnings

The Labor-Market Effects of International Trade and Production Sharing

Filters