Incomes for adults vary widely across race and gender in the United States. These differences can be due to all of the following except Multiple Choice choice of occupation. discrimination. education. inherent ability.

Incomes for adults vary widely across race and gender in the United States. These differences can be due to all of the following except Multiple Choice choice of occupation. discrimination. education. inherent ability.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What is a factor where a portion of a wage gap may not be the result of discrimination? Explain why this factor is not a discriminatory practice.
Provide 3 examples and why they are a bona fide occupational qualification exception.
In order to make a hiring decision, a manger must: Compare wage rate with MPL. If Wage rate is equal to MPL then hire Compare wage rate with MPL. If wage rate is less than MPL then hire. Compare wage rate with MPL. If wage rate is greater than MPL then hire. Compare wage rate with MRP. If wage rate is equal to MRP then hire Compare wage rate with MRP. If wage rate is lower than MRP then hire.
Suppose an individual can decide between two careers: (1) a surgeon and (2) a business analyst. Salaries for four periods a displayed in the table below. OCCUPATION Surgeon Period 0 -$40 Business Analyst -$10 Period 1 $100 $41 SALARY Period 2 $115 $43 Period 3 $300 $45 (Questions) (a) Assume the individual's discount factor is 0.90. Calculate the net present value of becoming a surgeon. Show all steps to your work. (b) Again, assume the individual's discount factor is 0.90. However, this time, calculate the net present value of becoming a business analyst. Show all steps to your work. (c) For which occupation did the individual have a higher net present value (NPV)? Based on this information, discuss potential intrinsic characteristics that this person might have? (d) Explain why a large internal rate of return for an occupation, such as being a surgeon, can persist over a long period of time.
What is the poverty trap? Group of answer choices A)The situation where government assistance can result in a low or zero net gain for working. B)The situation where a person becomes unemployed and cannot find another job. C)The situation where a person becomes disabled and cannot work. D)The poverty trap occurs when a person is poor, and structural discrimination prevents that person from escaping poverty.
Suppose a worker with an annual discount rate of 8 percent currently resides in Chicago and is deciding whether to remain there or to move to Phoenix. There are three work periods left in the life cycle. If the worker remains in Chicago, he will earn $40,000 in each of the three periods. If the worker moves to Phoenix, he will earn $43,500 in each of the three periods. What is the highest cost of migration that a worker is willing to incur and still make the move?
Identify each person with the appropriate classification Heather just finished college, is not working, but is looking for a teaching job. Luis worked at an auto plant. The plant shut down and Luis Gave up looking for a job 2 years ago. Robert has a nursing degree and is looking for a nursing job. He is sacking groceries part-time until he finds a job. Brittany is serving for 4 years in the Navy. Dan is a stay-at-home dad who is now looking for an engineering job? Bill is retired and volunteers at meal-on wheels every Monday Gina is attending college but not working : Labor Force- Employed : Labor Force- Unemployed :: Not in the Labor Force
If it is not profitable to discriminate, why does discrimination persist? If a country had perfect income equality what would the Lorenz curve look like? Offer one reason why income inequality might increase productivity and efficiency in an economy. Offer one reason why income inequality might reduce productivity and efficiency in an economy. Explain your answers. In country A, the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?
These are given privileges given to all regardless of race,age, sex
Some people feel that income distribution (equality) should be achieved. Do you agree or disagree with this concept? How would you feel if someone did more work and made more money but then gave you a portion of the profits? How would you feel if you had to give some of your paycheck to someone that did not work as hard. What if the instruction decided to give all the students a grade of "B" including those that did "A" work as well as those that gave "C" effort?
Some part of income inequality is likely to be the result of discrimination. But other factors responsible for inequality include: Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. differences in abilities and talents. different preferences for work versus leisure. differences in education and training. different preferences for low-paying but safe jobs relative to high-paying but dangerous jobs.
Union membership in the United States is lower than in many other high-income countries due to Group of answer choices Gender and racial discrimination. Different legal environments and cultural attitudes toward unions. Different attitudes toward health care between the two groups of countries. The collusion between large corporations and the federal government.