Exam 11: Labour Markets and the Distribution of Income

What relationship does the market supply curve for labour show?

What might the existence of employment equity programs lead firms to do?

Earnings differentials cannot be explained at all by differences in productivity.

Which of the following situations does reverse discrimination refer to?

The poverty rate in Canada is defined as the proportion of the population that fails to earn a minimum relative income standard. Which of the following best describes poverty rates in Canada since the 1980s?

What are social insurance programs such as Employment Insurance and Old Age Security designed to do?

The fact that Jackie received a promotion faster than did Jamie, while processing 12 percent more customers at her bank teller line, is evidence of discrimination.

What does the marginal product of labour measure?

Several Members of Parliament have been greatly concerned about the fairness of salaries in the marketplace. They are contemplating enacting a law that would fix the wage rate at WA. Their aides have returned with the results of an investigation into the matter, as portrayed in Graphs A and B. FIGURE 11-1 -Refer to Figure 11-1. If a wage rate of WA for teachers were imposed by the federal government on schools, what would the expected result be?

Several Members of Parliament have been greatly concerned about the fairness of salaries in the marketplace. They are contemplating enacting a law that would fix the wage rate at WA. Their aides have returned with the results of an investigation into the matter, as portrayed in Graphs A and B. FIGURE 11-1 -Refer to Figure 11-1. If the wage law were enacted, what would the result in the market for computer programmers be?

Several Members of Parliament have been greatly concerned about the fairness of salaries in the marketplace. They are contemplating enacting a law that would fix the wage rate at WA. Their aides have returned with the results of an investigation into the matter, as portrayed in Graphs A and B. FIGURE 11-1 -Refer to Figure 11-1. If the law were to impose a wage rate of WA on the K-12 teachers market, what would the expected result be?

Which of the following government subsidies is NOT likely to reduce relative poverty?

The most relevant real-world monopsony situation is considered to be the labour market.

What type of market is characterized by a single buyer?

The salaries of university professors are partly determined by the demand for university education.

Under which of the following conditions will the labour supply curve shift to the left?

Which of the following will occur if labour unions successfully negotiate wage increases for its members?

In regards to the quantity of labour supplied, what does the substitution effect indicate about the relationship between the wage rate and the opportunity cost of leisure?

Amongst which of the following groups is the amount of poverty in Canada highest?

Union membership is higher in the public sector than in the private sector.