Question 1

According to the Hamermesh and Biddle study, people deemed more attractive than average earn

Accepted Answer

A)  30-40 percent more than unattractive people.
B)  about 5 percent more than average looking people.
C)  the same as average looking people and 15-20 percent more than unattractive people.
D)  25 percent more than average looking people and 50 percent more than unattractive people.E) C) and D)
F) A) and B)

Question 2

Figure 19-1 
-Refer to Figure 19-1. What is the change in employment of having the minimum wage at $8 instead of $7?

Accepted Answer

A)  2 million jobs are gained
B)  no jobs are gained or lost
C)  1 million jobs are lost
D)  3 million jobs are lostE) A) and C)
F) A) and B)

Question 3

Allen and Ellen both work at Burger Ranch. Allen is paid more than Ellen. Which of the following could explain why Allen is paid more?

Accepted Answer

A)  The manager discriminates against women.
B)  Allen works the undesirable early morning shift.
C)  Allen has more experience and so more human capital.
D)  All of the above could be correct.E) All of the above
F) None of the above

Question 4

Education and on-the-job training are sources of human capital.

Accepted Answer

A) True 
 B)False

Question 5

The signaling theory of education is most similar to the

Accepted Answer

A)  human capital theory of education.
B)  discrimination theory of advertising.
C)  signaling theory of advertising.
D)  efficiency wage theory of labor economics.E) A) and B)
F) A) and C)

Question 6

According to the signaling theory of education,

Accepted Answer

A)  schooling sends signals to employers in much the same way that advertising sends signals to consumers.
B)  a person becomes more productive by earning a college degree.
C)  education is less important than natural ability.
D)  All of the above are correct.E) A) and B)
F) B) and C)

Question 7

Many economists believe that competitive, market economies provide a natural antidote to employer discrimination known as the

Accepted Answer

The answer of Many economists believe that competitive, market economies...

Question 8

Explain the theory that education acts as a signaling device. How does this contrast with the theory of education as an investment in human capital?

Accepted Answer

The theory of signaling suggests that th...

Question 9

Regarding wage differences among various groups of workers - blacks and whites, men and women, etc. - most economists believe that

Accepted Answer

A)  no such differences are evident from the available data.
B)  most of the differences are attributable to discrimination.
C)  some of the wage differences are attributable to discrimination, but there is disagreement about how much.
D)  none of the differences are attributable to discrimination.E) A) and B)
F) All of the above

Question 10

Figure 19-6 
-Refer to Figure 19-6. Given demand, D1, and supply, S2, how many fewer people are employed if a minimum wage of $8 per hour is imposed on this market as compared to allowing wages to adjust to balance labor demand and labor supply?

Accepted Answer

The answer of Figure 19-6 
-Refer to Figure 19-6. Given...

Question 11

Which of the following is an example of discrimination in the labor market?

Accepted Answer

A)  Women earn less than men because women are more likely to be employed in occupations that pay less, such as elementary school teachers rather than electrical engineers.
B)  Women earn less than men because women have, on average, fewer years of experience in the labor force because women, on average, periodically leave the labor force to raise children.
C)  A pharmaceutical sales company pays women less than men because the company's customers, physicians and pharmacists, say that they prefer to deal with men rather than women.
D)  All of the above are examples of discrimination.E) None of the above
F) B) and C)

Exam 19: Earnings and Discrimination

Education and on-the-job training are sources of human capital.

Correct Answer
verified

Which of the following is an example of discrimination in the labor market?

Correct Answer
verified

Many economists believe that competitive, market economies provide a natural antidote to employer discrimination known as the

Correct Answer
verified

Explain the theory that education acts as a signaling device. How does this contrast with the theory of education as an investment in human capital?

Correct Answer
verified
The theory of signaling suggests that th...
View Answer

Figure 19-1 -Refer to Figure 19-1. What is the change in employment of having the minimum wage at $8 instead of $7?

Correct Answer
verified

Allen and Ellen both work at Burger Ranch. Allen is paid more than Ellen. Which of the following could explain why Allen is paid more?

Correct Answer
verified

The signaling theory of education is most similar to the

Correct Answer
verified

Regarding wage differences among various groups of workers - blacks and whites, men and women, etc. - most economists believe that

Correct Answer
verified

Figure 19-6 -Refer to Figure 19-6. Given demand, D1, and supply, S2, how many fewer people are employed if a minimum wage of $8 per hour is imposed on this market as compared to allowing wages to adjust to balance labor demand and labor supply?

Correct Answer
verified

According to the Hamermesh and Biddle study, people deemed more attractive than average earn

Correct Answer
verified

According to the signaling theory of education,

Correct Answer
verified

Exam 19: Earnings and Discrimination

Education and on-the-job training are sources of human capital.

Correct AnswerverifiedShow Answer

Which of the following is an example of discrimination in the labor market?

Correct AnswerverifiedShow Answer

Many economists believe that competitive, market economies provide a natural antidote to employer discrimination known as the

Correct AnswerverifiedShow Answer

Explain the theory that education acts as a signaling device. How does this contrast with the theory of education as an investment in human capital?

Correct AnswerverifiedThe theory of signaling suggests that th...View AnswerShow Answer

Figure 19-1 -Refer to Figure 19-1. What is the change in employment of having the minimum wage at $8 instead of $7?

Correct AnswerverifiedShow Answer

Allen and Ellen both work at Burger Ranch. Allen is paid more than Ellen. Which of the following could explain why Allen is paid more?

Correct AnswerverifiedShow Answer

The signaling theory of education is most similar to the

Correct AnswerverifiedShow Answer

Regarding wage differences among various groups of workers - blacks and whites, men and women, etc. - most economists believe that

Correct AnswerverifiedShow Answer

Figure 19-6 -Refer to Figure 19-6. Given demand, D1, and supply, S2, how many fewer people are employed if a minimum wage of $8 per hour is imposed on this market as compared to allowing wages to adjust to balance labor demand and labor supply?

Correct AnswerverifiedShow Answer

According to the Hamermesh and Biddle study, people deemed more attractive than average earn

Correct AnswerverifiedShow Answer

According to the signaling theory of education,

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The theory of signaling suggests that th...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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