ECON 151 UC Davis

Quiz 1 Econ 151B Fall 2005 Suppose that the relationship between years of education and annual earnings can be written in the following way. Earnings = 1000 + 3000*(Years of Education) + 2000*(Bachelors Degree) Where Bachelors Degree =1 if the person

Econ 151B Quiz 2 Suppose that the owner of a baseball stadium is considering hiring new janitors. The owner is considering hiring both men and women. Assume, for the purposes of this exercise, that, on average, women are better at cleaning stadiums t

Quiz 3 Econ 151B Fall 2005 One explanation for the recent rise in earnings inequality is that the adoption of new technologies like the computer has reduced the demand for low-skilled workers. Computers may enhance the productivity of high skilled wo

Econ 151B FINAL Winter 2003 1) Suppose that an economy has two people. In the first period, Person A makes $100/hr and Person B makes $200 an hour. In the second period Person A makes $150/hr and Person B makes $250/hour. Has wage inequality increas

Econ 151B Quiz 4 Fall 2003 1) What is the difference between structural unemployment and demand deficient unemployment? Give as complete an answer as possible. (6 pts) 2) Suppose that the government wants to reduce the unemployment rate and is consi

Quiz 4 Econ 151B Fall 2005 1) Why might the unemployment rate be a misleading measure of individuals economic well-being? i.e: what does the unemployment rate fail to reflect about the economic health of U.S. citizens? Name as many things as you can.