Exam 13: Earnings, Productivity, and the Job Market

Which of the following is most likely to cause the productivity of labor to increase?

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

The earnings of all employees in a competitive economy would be equal if

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

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

Which of the following is true?

Automated production methods are only attractive when they

If Congress suddenly passes legislation that required all U.S. workers to receive the same annual pay, we would expect

Which of the following would be most likely to cause an increase in the wage rate for a particular job?

In a market economy, which of the following is most important if one is going to achieve high earnings?

Which of the following is most likely to decrease the market wage rate in a job category?

When earnings differentials are adjusted for such factors as age, education, and marital status, the

In a market economy, which of the following is most important if one is going to achieve high earnings?

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

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

Which of the following is the clearest evidence of employment discrimination against minority employees?

Proponents of the view that the higher rate of productivity growth since 1996 is part of a long-run trend argue it is a result of

When employment discrimination results from the personal prejudices of employers, economic theory suggests that

Low-skill workers earn a lower wage than more experienced, higher skilled workers because the

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