Aside from your skills and how hard you work what

  • HKU
  • ECON 1210
  • ann77lee
  • 92
  • 97% (176) 170 out of 176 people found this document helpful

This preview shows page 43 - 45 out of 92 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
HR
The document you are viewing contains questions related to this textbook.
Chapter 13 / Exercise 1
HR
DeNisi/Griffin
Expert Verified
118. Aside from your skills and how hard you work, what does your marginal product of labor reflect?A) your supply of laborB) the productivity of everyone else in your economyC) your chance of death on the jobD) nothingAns:
BDifficulty: MediumSkill Descriptor: Concept-BasedTopic: Labor Market Issues119. Imagine that you could travel back in time to another era, bringing with you all the knowledge you have from the modern age. Your wage in the older era might be higher because people with your knowledge were in short supply then. But why might your wage also be lower?
ADifficulty: MediumSkill Descriptor: Critical-ThinkingTopic: Labor Market Issues120. Janitors in India might make $1,000 per year, while they could easily earn $20,000 per yearin the United States. How is this a forgone gain from trade?
CDifficulty: MediumSkill Descriptor: Critical-ThinkingTopic: Labor Market Issues
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
HR
The document you are viewing contains questions related to this textbook.
Chapter 13 / Exercise 1
HR
DeNisi/Griffin
Expert Verified
121. The supply of nurses in country A is the same as the supply in country B, but the nurses in country A earn 90% more than the nurses in country B. What can explain this difference?
CDifficulty: MediumSkill Descriptor: Critical-ThinkingTopic: Labor Market Issues122. The demand for plumbers is the same in country A and country B, but the plumbers in country A earn less than the plumbers in country B. What can explain this difference?A) The economy of country A is more productive than the economy of country B.B) The economy of country B is more productive than the economy of country A.C) The supply of plumbers is greater in country A than country B.D) The supply of plumbers is greater in country B than country A.Ans:
CDifficulty: MediumSkill Descriptor: Critical-ThinkingTopic: Labor Market Issues

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture