USU-Intro To MacroEcon - Assignment 13

3 is that pay ought to be determined by supply and

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Unformatted text preview: . is that pay ought to be determined by supply and demand rather than by job characteristics. 4. asserts that market-determined wages are the only appropriate way in which to allocate pay. 5. has made hiring practices much simpler for employers. Question 20 (1 point) Opponents of comparable worth argue that 1. wage rates will be too high. 2. steelworkers and secretaries should always be paid the same wage rate. 3. interference with the functioning of the labor market will lead to shortages in some markets and surpluses in others. 4. defining wages according to job characteristics is the only way to eliminate wage gaps. 5. wage rates will be too low. Question 1 (5.00 points) What is human capital? How does a training program such as Mrs. Fields Cookie College affect human capital? Is a college degree considered to be human capital? Question 2 (5.00 points) Why are women's wages only 60 to 80 percent of men's wages, and why has this situation existed for several decades? Now that women are entering college and professional schools in increasing numbers, why doesn�t the wage differential disappear? Citation: admin. (2009, January 27). Assignment 13. Retrieved January 07, 2011, from Free Online Course Materials — US U OpenCourseWare Web site: http://ocw.usu.edu/economics/introductionto-microeconomics-1/assignment13.htm. Copyright 2008, by the Contributing Authors. This work is licensed under a Creative Commons License....
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