Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 19, Problem 6QCMC
To determine
Elimination of differential wages in competitive market.
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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
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.
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Chapter 19 Solutions
Principles of Economics, 7th Edition (MindTap Course List)
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- In 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_forwardI 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_forward
- What 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_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_forward
- In what ways can people exercise their right to work and fair pay?arrow_forwardThink of a job that either you or a friend/relative held that paid a wage that you thought was either unfair or inequitable compared to the wages or salaries of other positions within the business or within the wider business community. Answer the following questions in relation to that example. On what basis do you think the wage was set? I.e. What factors influenced how much the organization valued the role? Why did you think it was unfair? If there was an opportunity to be covered by a Union contract/agreement, do you think there would have been an increase/decrease in the wage? If you were the employer, what would cause you to increase the wage for that role? and finally, 5. Do you think that the wages/salaries of the main "jobs" in our society are allocated fairly? Provide an example of a role that you think is highly undervalued and explain why. For example, should CEOs and celebrities earn millions of dollars each year compared to child care workers or stay at home parents who…arrow_forwardWith examples, Differentiate between discrimination and pre-market discrimination with respect to labor economics.arrow_forward
- Why do economists say that discrimination is inerhently inefficent and therefore will not occur in general?arrow_forwarda. Table 1 shows the wage for man and women in two firms. Firm Men Women Wage Wage Indah RM95 RM86 Gagah RM137 RM48 Base on the information in Table 1, determine which firm has a high degree of discrimination. Explain your answer.arrow_forwardOberlin, Ohio is a small town in Ohio home to Oberlin College. Oberlin College employs more than half of people in the town. What market structure best applies to the market for workers in Oberlin? Why?arrow_forward
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