USU-Intro To MacroEcon - Assignment 13

4 attributable to different demands for labor 5 due

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Unformatted text preview: utable to different demands for labor. 5. due to discrimination. Question 8 (1 point) Human capital refers to 1. 2. 3. 4. on-the-job training only. formal education only. the machinery that requires people to operate. the skills, training, and personal health acquired through education and job experience. 5. the benefits a person gets out of attending college. Question 9 (1 point) From an economist's viewpoint, discrimination occurs if there is a wage differential between two groups when there is no difference in the __________ of the two groups. 1. 2. 3. 4. 5. marginal-revenue products marginal costs gender race marginal benefits Question 10 (1 point) Which of the following statements is true? 1. Discrimination seems to be a worldwide occurrence that differs greatly among nations. 2. Discrimination is a labor market issue only in North America. In Europe, for example, there are no known wage differences between any identifiable groups. 3. Even if there is discrimination, laborers are still paid their marginal revenue product. 4. Women are discriminated against equally worldwide. In every country in the world, a woman makes 60 percent of the wages a man makes doing an identical job. 5. Union members in the United S tates generally get paid much less than nonunion workers working in the same job. Question 11 (1 point) If worker prejudice exists, 1. 2. 3. 4. 5. the firm must be a monopsonist. firms cannot be maximizing profits. the labor market must be perfectly competitive. it can be costly to the workers who discriminate. the firm must be a monopoly. Question 12 (1...
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This homework help was uploaded on 03/18/2014 for the course ECON 2010 taught by Professor Staff during the Spring '08 term at Utah Valley University.

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