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Exam 19: Earnings and Discrimination

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Question 41

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Figure 19-6 -Refer to Figure 19-6. This figure depicts labor demand and supply for the widget industry. The equilibrium market wage is $15. Suppose a labor union forms and subsequently negotiates an hourly wage of $17.50. Which of the following statements about the impact of the union's formation on labor hours demanded is true?

A) Labor hours demanded by widget firms will decrease by 10 hours.
B) Labor hours demanded by widget firms will decrease by 15 hours.
C) Labor hours demanded by widget firms will increase by 10 hours.
D) Labor hours demanded by widget firms will increase by 15 hours.

E) All of the above
F) A) and B)

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Question 42

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Scenario 19-6 The after-school tutoring industry is competitive, and so is the labor market for after-school tutors. Suppose male and female tutors have equal experience and skill. Currently, some tutoring centers are biased and will only hire male tutors, whereas unbiased tutoring centers desire to hire the cheapest tutors and do not care about their genders. As a result, the equilibrium wage for male tutors is higher than that of female tutors. -Refer to Scenario 19-6. If some families strongly prefer their children to be tutored by male tutors, then

A) the difference in male and female tutor wages will eventually disappear.
B) biased tutoring centers can charge more for tutoring to offset the higher cost of hiring only male tutors.
C) all unbiased tutoring centers will go out of business in the long run.
D) all biased tutoring centers will make a profit in the short run, but will go out of business in the long run.

E) All of the above
F) A) and B)

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Question 43

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Discrimination by a manager in the hiring process

Discrimination is usually not a profit-maximizing strategy.

The idea of paying workers an efficiency wage is that

Efficiency wages may decrease employee turnover.

List the productivity factors that may explain the differences in pay between men and women in similar occupations. Do any of these factors arise as a result of cultural or social traditions? If so, describe how changes in social relationships will affect the pay gap over time.

Assume men, on balance, have lower amounts of human capital than women have. Then we would expect the

Many studies of wage discrimination have been conducted on professional sports teams. This industry is easier to study than others because the professional teams have many objective measures of

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.

Which of the following comparisons best illustrates a compensating differential?

Artie and Angelina attended the same university, graduated with the same degree and grade point average, and are equally productive in their identical new jobs. Still, Angelina's salary is 10% lower than Artie's salary. One can conclude that Angelina likely suffers from

A recent study of the determinants of wages for clerical staff at a state university found that years of schooling, years of experience, age and job characteristics only explained about one-half of the difference in wages. Describe other factors that may be important in explaining wages differences for clerical staff.

Superstars arise in markets in which every customer in the market is able to enjoy the good supplied by the

Consumers are often a primary source of discrimination in labor markets.

Labor-market discrimination based solely on age is illegal in the United States.

Which of the following scenarios would serve to decrease the demand for unskilled labor in the United States?

People who grew up in the western part of Aquilonia have an accent distinct from people who grew up in the eastern part of the country. People from the west also receive lower wages than people from the east. From this information alone, which of the following is not a possible explanation for this wage differential?

Daryn earns a higher salary than his friend Nick because Daryn is willing to work on the loading dock, whereas Nick prefers to work in an air-conditioned office. The difference in salary could illustrate a compensating differential.

Customer discrimination is illegal in the United States.