Exam 19: Earnings and Discrimination

Economists argue competitive markets provide a "natural remedy" to discriminatory wage practices. Which of the following is widely recognized as a potential limit to the effectiveness of that natural remedy?

Which of the following is an example of a compensating differential?

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

The economic theory of labor markets suggests that wages are determined by labor supply and labor demand.

Which of the following is not a consequence of above-equilibrium wages in a labor market?

Which theory states that education makes workers more productive?

As a result of their experiment economists Muriel Niederle and Lise Vesterlund found that

Which theory explains the fact that some firms may choose to pay their employees more then they would earn as determined by equilibrium in the labor market?

Human capital is

A worker association that bargains with employers over wages and working conditions is called

It is likely that efficiency wages will decrease employee effort.

The case study of segregated street cars in southern cities illustrates which of the following?

If a worker is indifferent between a job with a wage of $10 per hour and a job with a wage of $12 per hour, then the

According to research by Bertrand and Mullainathan, which job applicants, those with "white" names or those with "black" names, received more calls from interested employers? What percent more?

A college degree makes a person more productive according to

It is illegal in the United States for firms to pay different employees different wages for doing the same job.

Which of the following would be considered human capital?

Streetcar owners in the early 20th century were against segregation for profit maximizing reasons.

Economists who study labor markets have discovered that

A study by labor economists Hamermesh and Biddle found that