laborexam2f07

laborexam2f07 - Labor Exam 2 Nov. 2, 2007 By writing your...

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Labor Exam 2 By writing your PID below, you are indicating Nov. 2, 2007 your intention to abide by the honor pledge: PID: This exam consists of ten short questions ( worth four points apiece ) and two long questions ( worth twelve points each ) , for a total of 64 points. You have 50 minutes to answer all completely and clearly in the space provided. Short Questions 1. Why can we not make accurate inferences about the returns to education by simply comparing the salaries of college graduates to those of high school graduates? 2. What does it mean for a match to be stable ? 3. What condition determines the optimal years of schooling?
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4. Work is dangerous at the Acme Mining Company, but it is even more dangerous at Picacho Mining Company. On average, 1.8 % of workers are killed on the job each year at Acme, while 1.9 % are killed at Picacho. A miner is paid $ 45,000 at Acme, and $ 51,000 at Picacho. What does this tell us about the statistical value of life? 5. Compare the wages and employment of a monopolist
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This note was uploaded on 03/19/2010 for the course ECON 480 taught by Professor Kinlaw during the Spring '08 term at UNC.

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laborexam2f07 - Labor Exam 2 Nov. 2, 2007 By writing your...

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