Bundle: Principles of Economics, Loose-leaf Version, 8th + LMS Integrated MindTap Economics, 2 terms (12 months) Printed Access Card
8th Edition
ISBN: 9781337607735
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 19, Problem 6CQQ
To determine
Elimination of differential wages in competitive market.
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Explain the arguments against discrimination in your own words.
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
Which of the following statements proves the existence of wage discrimination?
a. Male prison guards earn more on average than female prison guards.
b. Professor of economics earn more on average than professors of gender studies.
c. Men earn more on average than women.
d. All of the above prove the existence of wage discrimination.
e. None of the above prove the existence of wage discrimination.
Chapter 19 Solutions
Bundle: Principles of Economics, Loose-leaf Version, 8th + LMS Integrated MindTap Economics, 2 terms (12 months) Printed Access Card
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- Answer quickly please and no image upload will give likearrow_forwardWhy does the government intervene in the market for labor? What are the consequences of its intervention?arrow_forwardIn order to hire additional laborers, a monopsony must A. do nothing. B. advertise for the labor. C. raise the wage rate. D. lower the supply of labor.arrow_forward
- I need help with A and B.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_forwardAn example of a policy that combats discrimination is: Equal employment opportunity legislation Affirmative action legislation Equal pay legislation Pay equity or equal value legislation All of the abovearrow_forward
- Do the forces of economic competition tend to exacerbate or ameliorate discrimination based on race?arrow_forwardWhat reason does not explain why women may earn less than men in the labor market? Women tend to ask for raises less often Women tend to be less productive Having children Occupational choicearrow_forwardThe graph below depicts the major employer in a small town. At what quantity of workers does the marginal benefit of hiring the next worker equal the marginal cost? Multiple Choice 20 workers 60 workers 40 workers 50 workersarrow_forward
- The U.S. Bureau of the Census reported that, on average, white men earn $50, 945, whereas white women earn $31,008. Economic discrimination explains at least some of this wage gap, but economists think that there are other factors that also contibute to wage gaps. Which factor is not an explanation offered by economists for these types of wage gaps? Various groups in the population graduate from college at varying rates. Differences in earnings can be explained in part by differences in educational attainment. Men and women take different types of jobs. Men are more likely to prioritze jobs with higher wages, and women are more likely to prioritize jobs with other desirable characteristics. On average, men and women have different amounts of experience in their jobs. Ceteris paribus, men are less likely to temporarily leave the workforce and, therefore, have more experience than women. There are innate differences between men and women that make men more productive than women. Because…arrow_forwardBecker argued that discrimination is economically detrimental to all parties and will be eliminated by the market. discrimination is only economically detrimental to the employee but will never be completely eliminated by the market. discrimination is economically detrimental to all parties but will never be completely eliminated by the market. O discrimination is only economically detrimental to the employee and will be eliminated by the market.arrow_forwardKen recruits applicants for several prominent companies. Often when the companies call for Ken's services, they strongly hint that they do not wish to hire Southeast Asians, so Ken never places them with those companies. Is Ken liable for illegal discrimination? Only awnser please!arrow_forward
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