Exam 13: Earnings, Productivity, and the Job Market

Suppose that an employer hires workers with blue eyes and workers with brown eyes. Each type of worker has the same productivity. Which of the following is correct if the employer discriminates by offering blue-eyed workers lower wages than brown-eyed workers?

Which of the following is most likely to increase the money wages that will be required to attract a given number of workers into a job category?

Which of the following could be an institutional barrier to employment?

An individual who possesses a specialized skill that is difficult to execute will

If customers are racist but employers are not, then employment discrimination will be

Evidence suggests that education raises the earnings of the workforce mainly by

Economic theory suggests that the standard of living of American workers would rise if

The fact that some people will work hard to earn a lot of money while others will be content with much less income indicates that

Wages in the United States are higher than those in Mexico primarily because

Economic studies have generally found that professional sports players have salaries that

In the late 1800s, Bernard made buggy whips. Their quality was such that people came from hundreds of miles to buy the whips. As mechanized transportation developed, horse-drawn buggies largely disappeared and so did the demand for Bernard's whips. Would Bernard have been better off if these new modes of transportation had never been invented?

The major determinant of an individual's income is

Given the amount of time and other costs of investing in human capital that it takes to earn a Ph.D., why are college professors paid less than other occupations that require similar or lesser amounts of human capital?

Economic theory suggests that the standard of living of American workers would rise if

Which of the following would cause the demand for plumbers to decrease?

Economic theory suggests that the standard of living of American workers would rise if

An example of a non-pecuniary job characteristic is

Compared to the general population, millionaires are more likely to be

Compensation where the top performer receives much higher rewards than other competitors, even if the others perform at only slightly lower levels, is called

As far as contributions to a professional sports team's bottom line are concerned, players generally receive