Exam 18: Using Input Market Analysis

The figure given below shows the impact of immigration on the labor market of a country.Immigration in shifts the labor supply curve from S to S'. -Refer to Figure 18-3.The total income of the residents of the country increases by the area _____ post immigration.

A cartel agreement between input buyers would try to:

The figure given below shows the demand and supply curves of labor.A per-unit tax imposed on the wage income of the employees shifts the supply curve of labor upward. -In Figure 18-2,as a result of a per-unit tax:

If the current Social Security system in a country is a "pay-as-you-go" system,it means that:

The figure given below shows the demand and supply curves of labor.A per-unit tax imposed on the wage income of the employees shifts the supply curve of labor upward. -Refer to Figure 18-2.The per-unit tax is this figure is being represented by the distance:

The figure given below shows the demand and supply of unskilled labor that determines the equilibrium wage rate in the labor market.The minimum wage rate at $5.15 is higher than the equilibrium wage rate at $4. -Refer to Figure 18-1.Which of the following distances represents the complete unemployment created by the minimum wage legislation?

Minimum wage laws are promoted as the means of increasing the standard of living of the working poor.Which of the following is the most likely adverse consequence of minimum wage laws that makes the working poor worse off?

Which of the following best describes wage discrimination?

A recent study investigating discrimination in hiring found that 20 percent of the employers in the sample discriminated against African Americans and 7 percent discriminated against whites.If the sample of firms is representative of the population as a whole,it can be predicted that:

Which of the following will result from a social security tax if the labor supply curve is vertical,but the labor demand curve is downward-sloping?

The disemployment effect of a minimum wage is greater the:

An increase in the minimum wage imposed by the government causes an increase in unemployment because:

The cost of the minimum wage is most likely borne by:

One adverse effect of the pay-as-you-go system of funding Social Security is that:

Which of the following acts passed by the Congress in 1938 established a minimum wage for workers in the U.S.?

Using a graph,explain the employment effects of a binding minimum wage.Who benefits,who loses,and how large are these effects?

Empirical evidence suggests that a large majority of the poor,in the U.S. ,are not directly affected by the minimum wage.This is because most poor workers:

Which of the following explains why immigration has led to an increase in income inequality in the U.S.?

Which of the following factors hinders the success of a cartel agreement between input buyers?

Which of the following factors determines the extent of the fall in the net-of-tax wage rate after the imposition of a payroll tax?