Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 12, Problem 1SQ
To determine
The argument of the economic pie and distribution.
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Female workers tend to earn a lower wage compared to their male counterparts when performing the same job. What is this an example of?
a.Signaling
b.All of the answers are correct
c.Discrimination
d.Screening
Marshall and Lily work at a local department store.Marshall, who greets customers as they arrive, ispaid less than Lily, who cleans the bathrooms. Thisis an example ofa. a compensating differential.b. human capital.c. signaling.d. efficiency wages.
Suppose the product market is competitive. Which of the following would explain why the market forces would drive discriminating employers out of business?
a. Workers will refuse to work for a discriminating employer.
c. Discrimination imposes an additional cost on the employer, and high-cost firms are eventually driven out of a competitive output market.
c. The government mandates that the employer not act on his or her desire to discriminate.
d. A competitive output market requires all workers to be paid the same wage.
e. Customers will refuse to purchase from a discriminating employer.
Chapter 12 Solutions
Micro Economics For Today
Ch. 12.2 - Prob. 1YTECh. 12.2 - Prob. 2YTECh. 12.5 - Prob. 1.1YTECh. 12.5 - Prob. 2.1YTECh. 12 - Prob. 1SQPCh. 12 - Suppose each family in the United States earned an...Ch. 12 - Prob. 3SQPCh. 12 - Prob. 4SQPCh. 12 - Prob. 5SQPCh. 12 - Prob. 6SQP
Ch. 12 - Prob. 7SQPCh. 12 - Prob. 8SQPCh. 12 - Prob. 9SQPCh. 12 - Prob. 10SQPCh. 12 - Prob. 11SQPCh. 12 - Prob. 1SQCh. 12 - Prob. 2SQCh. 12 - Prob. 3SQCh. 12 - Prob. 4SQCh. 12 - Prob. 5SQCh. 12 - Prob. 6SQCh. 12 - Prob. 7SQCh. 12 - Prob. 8SQCh. 12 - Prob. 9SQCh. 12 - Prob. 10SQCh. 12 - Prob. 11SQCh. 12 - Prob. 12SQCh. 12 - Prob. 13SQCh. 12 - Prob. 14SQCh. 12 - Prob. 15SQCh. 12 - Prob. 16SQCh. 12 - Prob. 17SQCh. 12 - Prob. 18SQCh. 12 - Prob. 19SQCh. 12 - Prob. 20SQ
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- A nursing home is deciding whether to add an additional employee to its staff. The marginal cost of hiring this worker depends on the a. total amount paid to previously hired workers. b. total amount paid to the new worker. c. the additional revenue created by having an additional worker. d. the total amount paid to all the workers, both the new one and the previously hired workers.arrow_forward8 1. In what sense is education a type of capital? 2. What conditions lead to highly compensated superstars? Would you expect to see superstars in dentistry? In music? Explain. 3. Give an example of how discrimination might persist in a competitive market.arrow_forwarda. Draw the wage-schooling locus for someone for whom the returns to schooling decrease through college but increase after college. (Assume college is completed after 16 years of schooling and that one can receive at most 6 years of postcollege schooling.) b. On a new graph, plot the marginal rate of return to schooling implied by the wage-schooling locus described in part a. c. What can be said about a college graduate who faces the wage-schooling locus described in part a?arrow_forward
- 1. _______________involves active efforts to improve the job opportunities or outcomes of minority groups or women. A)Affirmative action B)Aligned action C)Meritorious action D)Anti-discriminative action 2.Increased immigration that is weighted towards low-skill workers may cause the wages of domestic low-skilled workers to_____________. A)increase b) shift c) decrease D) remain unchanged 3.Through various studies, most economists believe that in the topic of increased immigration; a) benefits outweigh the costs B) the benefits are negligible c) the benefits are equal to the costs D) costs outweigh the benefitsarrow_forward1. What are the different types of discrimination? Use examples where needed to explain them.2. Explain the arguments against discrimination in your own words.3. What are the major types of discriminatory practices found in any organization? Explain them.arrow_forwardWhy is poverty unfair?arrow_forward
- In what ways can people exercise their right to work and fair pay?arrow_forwardYou are considering hiring an employee whose marginal revenue product will be $17 per hour, and the market wage for such workers is $15 per hour. You should Select one: a. hire the worker, but agree to pay her $19 per hour. b. not hire the worker since the marginal revenue product is too high. c. not hire the worker because the gap between marginal revenue product and the wage is not large enough. d. hire the worker at the market wage.arrow_forwardWhich of the following is not a way that the government has influenced labor in the United States? A. Requirement that men and women should be paid the same amount for the same job B. Minimum wage law that sets the baseline for what employees can be paid C. Requirement that a private company cannot fire an employee without just cause D. Requirement that employers must treat all workers equally regardless of race, gender, or religionarrow_forward
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