econ - problem set 9_ProblemSet

econ - problem set 9_ProblemSet - Review Assessment:...

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Unformatted text preview: Review Assessment: Problem Set 9 Name: Problem Set 9 Status: Completed Score: 0 out of 100 point(s) Instructions: Question 1 Multiple Choice 0 of 5 point(s) Evidence from a 1960s study of the market for baseball players Your Answer: [None Given] Correct Answer: found some evidence of consumer-driven wage discrimination. Feedback: found some evidence of consumer-driven wage discrimination. Question 2 Multiple Choice 0 of 5 point(s) Evidence of differences in average wages of black workers compared to white workers Your Answer: [None Given] Correct Answer: does not alone provide conclusive evidence of discrimination. Feedback: does not alone provide conclusive evidence of discrimination. Question 3 Multiple Choice 0 of 5 point(s) If employers are profit-maximizers, then Your Answer: [None Given] Correct Answer: employment discrimination may persist if consumers discriminate. Feedback: employment discrimination may persist if consumers discriminate. Question 4 Multiple Choice 0 of 5 point(s) Which of the following scenarios would serve to decrease the demand for unskilled labor in our country? Your Answer: [None Given] Correct Answer: increased international trade with countries where unskilled labor is more plentiful Feedback: increased international trade with countries where unskilled labor is more plentiful Question 5 Multiple Choice 0 of 5 point(s) The return to investment in human capital is observed Your Answer: [None Given] Correct Answer: in the wage differential between workers. Feedback: in the wage differential between workers. Question 6 Multiple Choice 0 of 5 point(s) Which of the following sets of circumstances is likely to provide the best evidence in support of the theory of efficiency wages? Your Answer: [None Given] Correct Answer: Workers in the market are highly skilled and not represented by a union, and their wage exceeds the equilibrium wage. Feedback: Workers in the market are highly skilled and not represented by a union, and their wage exceeds the equilibrium wage. Question 7 Multiple Choice 0 of 5 point(s) The term "compensating differential" always refers to Your Answer: [None Given] Correct Answer: a wage difference that arises from nonmonetary characteristics of different jobs. Feedback: a wage difference that arises from nonmonetary characteristics of different jobs. Question 8 Multiple Choice 0 of 5 point(s) Economists who attempt to explain the increasing earnings gap between skilled and unskilled workers offer two main hypotheses: Your Answer: [None Given] Correct Answer: One hypothesis emphasizes international trade and the other emphasizes technology. Feedback: One hypothesis emphasizes international trade and the other emphasizes technology....
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econ - problem set 9_ProblemSet - Review Assessment:...

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