Question 1

The competition experiment conducted by economists Muriel Niederle and Lise Vesterlund was consistent with the results of Terry Odean which were that

Accepted Answer

A)  men were better at math than women.
B)  men chose competition more because they were better at sports than women.
C)  men trade stocks excessively while women adopt a buy-and-hold strategy.
D)  streetcar companies were not in favor of segregation because it hurt their profits.E) A) and D)
F) B) and C)

Question 2

After graduating from college,you receive job offers from five different accounting firms.All job offers have a different compensation package.Is it irrational for you to accept an offer that doesn't provide the highest level of monetary compensation?
 Use the concept of compensating differentials to explain your answer.

Accepted Answer

Compensating differentials refer to diff...

Question 3

Who among the following individuals most likely experiences the largest nonmonetary reward as a supplier of labor?
Assume all of the four individuals have the same level of education and work the same number of hours per week.

Accepted Answer

A)  Albert,who prefers to be around other people but who works at home by himself
B)  Amy,whose job provides little intellectual and personal satisfaction
C)  Antoinette,whose preference is to avoid dangerous work but works as a firefighter
D)  Arnold,who works the night shift and prefers to work at night and sleep during the dayE) B) and D)
F) None of the above

Question 4

A competitive market may be consistent with a discriminatory wage differential if

Accepted Answer

A)  firms' customers have discriminatory preferences.
B)  the wage differential is explained by a compensating differential.
C)  the wage differential is explained by differences in human capital.
D)  All of the above are correct.E) None of the above
F) All of the above

Question 5

It is likely that efficiency wages will decrease employee effort.

Accepted Answer

A) True 
 B)False

Question 6

Explain how compensating differentials could contribute to differences between the average wages of men and women.

Accepted Answer

Men and women may,on average,select diff...

Question 7

Firms that operate in competitive product markets and choose to practice discrimination in hiring workers

Accepted Answer

A)  will survive if they increase production and garner a larger market share.
B)  will eventually earn zero economic profits.
C)  will survive as long as they are willing to have a smaller market share.
D)  are likely to eventually go out of business.E) None of the above
F) A) and C)

Question 8

As a result of an increase in the earnings gap between skilled and unskilled jobs,the incentive to get a college education has been declining.

Accepted Answer

A) True 
 B)False

Question 9

A natural correction to employer discrimination in market economies is the

Accepted Answer

A)  threat of judicial review.
B)  profit motive.
C)  political process.
D)  union movement.E) A) and B)
F) A) and C)

Question 10

Which of these instances would constitute labor-market discrimination?
Traci and Carol are identical in all of their labor-market characteristics except that Traci earns a higher salary than Carol because

Accepted Answer

A)  Traci is beautiful and Carol is not.
B)  Traci is 40 years old and Carol is 60 years old.
C)  Traci works the night shift and Carol works the day shift.
D)  Traci has 15 years of experience and Carol has 10 years of experience.E) None of the above
F) B) and D)

Exam 19: Earnings and Discrimination

Who among the following individuals most likely experiences the largest nonmonetary reward as a supplier of labor? Assume all of the four individuals have the same level of education and work the same number of hours per week.

Correct Answer
verified

Firms that operate in competitive product markets and choose to practice discrimination in hiring workers

Correct Answer
verified

Correct Answer
verified
Compensating differentials refer to diff...
View Answer

Explain how compensating differentials could contribute to differences between the average wages of men and women.

Correct Answer
verified
Men and women may,on average,select diff...
View Answer

The competition experiment conducted by economists Muriel Niederle and Lise Vesterlund was consistent with the results of Terry Odean which were that

Correct Answer
verified

It is likely that efficiency wages will decrease employee effort.

Correct Answer
verified

A competitive market may be consistent with a discriminatory wage differential if

Correct Answer
verified

A natural correction to employer discrimination in market economies is the

Correct Answer
verified

As a result of an increase in the earnings gap between skilled and unskilled jobs,the incentive to get a college education has been declining.

Correct Answer
verified

Which of these instances would constitute labor-market discrimination? Traci and Carol are identical in all of their labor-market characteristics except that Traci earns a higher salary than Carol because

Correct Answer
verified

Exam 19: Earnings and Discrimination

Who among the following individuals most likely experiences the largest nonmonetary reward as a supplier of labor? Assume all of the four individuals have the same level of education and work the same number of hours per week.

Correct AnswerverifiedShow Answer

Firms that operate in competitive product markets and choose to practice discrimination in hiring workers

Correct AnswerverifiedShow Answer

Correct AnswerverifiedCompensating differentials refer to diff...View AnswerShow Answer

Explain how compensating differentials could contribute to differences between the average wages of men and women.

Correct AnswerverifiedMen and women may,on average,select diff...View AnswerShow Answer

The competition experiment conducted by economists Muriel Niederle and Lise Vesterlund was consistent with the results of Terry Odean which were that

Correct AnswerverifiedShow Answer

It is likely that efficiency wages will decrease employee effort.

Correct AnswerverifiedShow Answer

A competitive market may be consistent with a discriminatory wage differential if

Correct AnswerverifiedShow Answer

A natural correction to employer discrimination in market economies is the

Correct AnswerverifiedShow Answer

As a result of an increase in the earnings gap between skilled and unskilled jobs,the incentive to get a college education has been declining.

Correct AnswerverifiedShow Answer

Which of these instances would constitute labor-market discrimination? Traci and Carol are identical in all of their labor-market characteristics except that Traci earns a higher salary than Carol because

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Compensating differentials refer to diff...
View Answer

Correct Answer
verified
Men and women may,on average,select diff...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified