Question 1

Which of the following is NOT one of the five steps to the practice of insider conometrics?

Accepted Answer

A)  Visit a number of sites that use the particular production process. 
B)  Create a dataset with aggregate industry variables and estimate a macroeconomic model. 
C)  Collect panel data on the universe of firms that use the particular process and use econometric methods to estimate the parameters of an economic model. 
D)  Conduct field research to thoroughly understand the production process. 
E)  Form a conclusion from the econometric estimates. 
A)  Visit a number of sites that use the particular production process. 
B)  Create a dataset with aggregate industry variables and estimate a macroeconomic model. 
C)  Collect panel data on the universe of firms that use the particular process and use econometric methods to estimate the parameters of an economic model. 
D)  Conduct field research to thoroughly understand the production process. 
E)  Form a conclusion from the econometric estimates. B

Question 2

Which of the following is NOT an explanation for the slow adoption-rate puzzle?

Accepted Answer

A)  Reorganization is a costly experiment. 
B)  Some firms may not benefit from the introduction of new techniques. 
C)  There are opportunity costs to being an early adopter. 
D)  Firms are unsure about the viability of new ideas when they are untested. 
E)  Ideas that are worth implementing are created at a slow rate. 
A)  Reorganization is a costly experiment. 
B)  Some firms may not benefit from the introduction of new techniques. 
C)  There are opportunity costs to being an early adopter. 
D)  Firms are unsure about the viability of new ideas when they are untested. 
E)  Ideas that are worth implementing are created at a slow rate. E

Question 3

Which of the following is an advantage of just-in-time production?

Accepted Answer

A)  Productive tools are flexible or lean. 
B)  Homogeneous hiring allows firms to pay workers a homogeneous wage. 
C)  Fewer productive inputs are tied up in inventories. 
D)  This type of production calls for dramatic organizational restructuring. 
E)  Workers are induced to operate at comparatively higher levels of effort. 
A)  Productive tools are flexible or lean. 
B)  Homogeneous hiring allows firms to pay workers a homogeneous wage. 
C)  Fewer productive inputs are tied up in inventories. 
D)  This type of production calls for dramatic organizational restructuring. 
E)  Workers are induced to operate at comparatively higher levels of effort. C

Question 4

Which of the following is NOT a true statement about isoquants?

Accepted Answer

A)  Each curve represents the particular combinations of tasks that generate the same quantity of output. 
B)  Isoquants are finite in number. 
C)  The absolute value of the slope is the marginal rate of technical substitution between task 2 and task 1. 
D)  Isoquants differ in the quantity of output they represent. 
E)  The slopes of the isoquants represent how easy it is for the firm to substitute task 1 for task 2. 
A)  Each curve represents the particular combinations of tasks that generate the same quantity of output. 
B)  Isoquants are finite in number. 
C)  The absolute value of the slope is the marginal rate of technical substitution between task 2 and task 1. 
D)  Isoquants differ in the quantity of output they represent. 
E)  The slopes of the isoquants represent how easy it is for the firm to substitute task 1 for task 2.

Question 5

Accepted Answer

A)  4 
B)  2 
C)  1 
D)  1/2 
E)  1/4 
A)  4 
B)  2 
C)  1 
D)  1/2 
E)  1/4

Question 6

Which of the following is NOT a principal characteristic of high-performance work practices?

Accepted Answer

A)  homogeneous pay 
B)  training 
C)  problem-solving teams 
D)  screening 
E)  information sharing 
A)  homogeneous pay 
B)  training 
C)  problem-solving teams 
D)  screening 
E)  information sharing

Question 7

The distribution of earnings in the United States is skewed to the ______ but the distribution of intelligence is more or less symmetric.One explanation for this earnings skew is that in most developed countries production is organized within firms in a ______.

Accepted Answer

A)  right;hierarchical top-to-toe manner 
B)  right;inverted pyramidal shape 
C)  right;system with equal numbers of workers at each level 
D)  left;hierarchical top-to-toe manner 
E)  left;inverted pyramidal shape 
A)  right;hierarchical top-to-toe manner 
B)  right;inverted pyramidal shape 
C)  right;system with equal numbers of workers at each level 
D)  left;hierarchical top-to-toe manner 
E)  left;inverted pyramidal shape

Question 8

Accepted Answer

A)  A;A 
B)  A;B 
C)  B;A 
D)  B;B 
E)  neither;A 
A)  A;A 
B)  A;B 
C)  B;A 
D)  B;B 
E)  neither;A

Question 9

Which of the following is an advantage of just-in-time production?

Accepted Answer

A)  Productive tools are flexible or lean. 
B)  Product quality is enhanced because manufacturing defects can be quickly identified and rectified. 
C)  This type of production calls for dramatic organizational restructuring. 
D)  Workers are more efficient because they start work immediately upon entering the workplace because training takes place on the job. 
E)  Workers are induced to operate at comparatively higher levels of effort. 
A)  Productive tools are flexible or lean. 
B)  Product quality is enhanced because manufacturing defects can be quickly identified and rectified. 
C)  This type of production calls for dramatic organizational restructuring. 
D)  Workers are more efficient because they start work immediately upon entering the workplace because training takes place on the job. 
E)  Workers are induced to operate at comparatively higher levels of effort.

Question 10

Which of the following is NOT a benefit of hierarchical organizational structure?

Accepted Answer

A)  workers on each rank monitor those below them to limit shirking. 
B)  the scale of operations effect 
C)  high-performance work practices 
D)  ease of dealing with processing and communicating information to the final decision makers 
E)  higher ability workers make more of an impact than lower ability workers 
A)  workers on each rank monitor those below them to limit shirking. 
B)  the scale of operations effect 
C)  high-performance work practices 
D)  ease of dealing with processing and communicating information to the final decision makers 
E)  higher ability workers make more of an impact than lower ability workers

Question 11

Accepted Answer

A)  A;A 
B)  A;B 
C)  B;A 
D)  B;B 
E)  neither;A 
A)  A;A 
B)  A;B 
C)  B;A 
D)  B;B 
E)  neither;A

Question 12

Which of the following is a reason workers may NOT be assigned tasks based on their comparative advantages?

Accepted Answer

A)  significant indivisibilities 
B)  one worker may have an absolute advantage 
C)  a productivity gap between workers 
D)  assortative matching 
E)  a tournament scheme has been instituted 
A)  significant indivisibilities 
B)  one worker may have an absolute advantage 
C)  a productivity gap between workers 
D)  assortative matching 
E)  a tournament scheme has been instituted

Question 13

Which of the following is NOT an implication of the scale of operations effect?

Accepted Answer

A)  The optimal hierarchical structure is pyramidal in shape. 
B)  The closer a worker is to the top of the hierarchy the greater the impact of his performance. 
C)  The distribution of earnings is skewed to the left. 
D)  Higher-ability workers are optimally placed at the top of the hierarchy. 
E)  There is an unequal number of workers at each level. 
A)  The optimal hierarchical structure is pyramidal in shape. 
B)  The closer a worker is to the top of the hierarchy the greater the impact of his performance. 
C)  The distribution of earnings is skewed to the left. 
D)  Higher-ability workers are optimally placed at the top of the hierarchy. 
E)  There is an unequal number of workers at each level.

Question 14

Which of the following is NOT a principal characteristic of high-performance work practices?

Accepted Answer

A)  information sharing 
B)  training 
C)  a discernable chain of command 
D)  screening 
E)  problem-solving teams 
A)  information sharing 
B)  training 
C)  a discernable chain of command 
D)  screening 
E)  problem-solving teams

Which of the following is NOT one of the five steps to the practice of insider conometrics?

Which of the following is NOT an explanation for the slow adoption-rate puzzle?

Which of the following is an advantage of just-in-time production?

Which of the following is NOT a true statement about isoquants?

Which of the following is NOT a principal characteristic of high-performance work practices?

The distribution of earnings in the United States is skewed to the but the distribution of intelligence is more or less symmetric.One explanation for this earnings skew is that in most developed countries production is organized within firms in a .

Which of the following is an advantage of just-in-time production?

Which of the following is NOT a benefit of hierarchical organizational structure?

Which of the following is a reason workers may NOT be assigned tasks based on their comparative advantages?

Which of the following is NOT an implication of the scale of operations effect?

Which of the following is NOT a principal characteristic of high-performance work practices?

Introduction

The Uslabor Market

The Short Run Demand for Labor

The Supply of Labor

Human Capital

On-The-Job Training

Competitive Equilibrium

Policy Application: the Minimum Wage

Policy Application: the War on Poverty

Death and Injury in the Usworkplace-A Hedonic Analysis

Discrimination I: Theory

Discrimination Ii: Evidence and Policy

The Hiring Process

Incentives

Careers and the Employment Relation

The Long Run Demand for Labor and Adjustment Costs

Filters

Exam 15: Tasks,technologies,and Organizational Design

Which of the following is NOT one of the five steps to the practice of insider conometrics?

Which of the following is NOT an explanation for the slow adoption-rate puzzle?

Which of the following is an advantage of just-in-time production?

Which of the following is NOT a true statement about isoquants?

Which of the following is NOT a principal characteristic of high-performance work practices?

The distribution of earnings in the United States is skewed to the ______ but the distribution of intelligence is more or less symmetric.One explanation for this earnings skew is that in most developed countries production is organized within firms in a ______.

Which of the following is an advantage of just-in-time production?

Which of the following is NOT a benefit of hierarchical organizational structure?

Which of the following is a reason workers may NOT be assigned tasks based on their comparative advantages?

Which of the following is NOT an implication of the scale of operations effect?

Which of the following is NOT a principal characteristic of high-performance work practices?

Introduction

The Uslabor Market

The Short Run Demand for Labor

The Supply of Labor

Human Capital

On-The-Job Training

Competitive Equilibrium

Policy Application: the Minimum Wage

Policy Application: the War on Poverty

Death and Injury in the Usworkplace-A Hedonic Analysis

Discrimination I: Theory

Discrimination Ii: Evidence and Policy

The Hiring Process

Incentives

Careers and the Employment Relation

The Long Run Demand for Labor and Adjustment Costs

Filters

The distribution of earnings in the United States is skewed to the but the distribution of intelligence is more or less symmetric.One explanation for this earnings skew is that in most developed countries production is organized within firms in a .