Filters
Question type
Study Flashcards

According to the signalling theory of education,what is correlated with educational attainment


A) marginal productivity
B) increasing wage gaps
C) decreasing wage gaps
D) natural ability

E) C) and D)
F) A) and B)

Correct Answer

verifed

verified

The international trade hypothesis has been advanced as an explanation for the widening earnings gap between skilled and unskilled workers in the U.S.What does this hypothesis assert happens to the domestic demand for skilled and unskilled labour when international trade expands


A) The domestic demand for skilled labour rises, and the domestic demand for unskilled labour also rises.
B) The domestic demand for skilled labour rises, and the domestic demand for unskilled labour falls.
C) The domestic demand for skilled labour falls, and the domestic demand for unskilled labour rises.
D) The domestic demand for skilled labour falls, and the domestic demand for unskilled labour also falls.

E) A) and B)
F) B) and C)

Correct Answer

verifed

verified

Professors are paid less than doctors and lawyers.What is likely to be a partial explanation


A) Teaching jobs are easy.
B) Professors have less education than doctors and lawyers.
C) Professors need very little money to live.
D) The job offers a high element of personal satisfaction.

E) All of the above
F) A) and C)

Correct Answer

verifed

verified

Evaluate the following statement: "The gender pay gap provides evidence of widespread,severe,ongoing discrimination by employers and fellow workers."

Correct Answer

verifed

verified

There are many explanations fo...

View Answer

Wage differences that cannot be explained by the number of years of training are likely to be the result of factors associated with which of the following


A) demand, but not supply
B) supply, but not demand
C) compensating differentials
D) conditions of regulated markets

E) B) and D)
F) None of the above

Correct Answer

verifed

verified

What can we say about the evidence regarding differences in average wages of members of ethnic minority workers compared to white workers in Canada


A) The evidence does not alone provide conclusive evidence of discrimination.
B) The evidence is solely indicative of differences in productivity between ethnicities.
C) The evidence is seldom used to provide evidence of discriminatory bias.
D) The evidence provides conclusive evidence of broad patterns of discrimination on the basis of ethnicity.

E) B) and D)
F) A) and B)

Correct Answer

verifed

verified

As a result of an increase in the earnings gap between skilled and unskilled jobs,the incentive to get a university education has been declining.

A) True
B) False

Correct Answer

verifed

verified

Which statements is NOT used to explain minimum wage


A) Some firms pay wages that are above the equilibrium wage.
B) Workers sometimes form labour unions to push their wages up.
C) Wages do not deviate from the balance of supply and demand in the market for labour.
D) The federal government mandates that employers pay their workers at least as much as the minimum wage.

E) B) and C)
F) A) and D)

Correct Answer

verifed

verified

Which theory explains the fact that some firms may choose to pay their employees more than they would earn as determined by equilibrium in the labour market


A) theory of efficiency wages
B) marginal-productivity theory
C) human-capital theory
D) signalling theory

E) None of the above
F) B) and C)

Correct Answer

verifed

verified

Economists Alan Krueger and Stacy Dale found that earnings of university graduates were mostly unrelated to the toughness of their universities' admissions standards.Which theory will help explain this


A) theory of signalling
B) theory of human capital
C) theory of superstar phenomenon
D) theory of compensating differentials

E) C) and D)
F) B) and D)

Correct Answer

verifed

verified

When differences in human capital among workers lead to discrimination,it is typically a result of social or political processes rather than economic processes.

A) True
B) False

Correct Answer

verifed

verified

What can we find in empirical research of wage differentials


A) Effort and ability are not likely to contribute to large differences in wages in the Canadian economy.
B) Economists typically find that measurable factors explain less than half of the variation in wages.
C) Economists typically find few factors that are not explicitly measurable.
D) Unmeasurable influences on wage differences are found to be quite small.

E) A) and C)
F) B) and C)

Correct Answer

verifed

verified

What can we say about the earnings gap between workers with high skills and workers with low skills in Canada


A) It has not been documented by reliable evidence.
B) It has remained roughly unchanged over the past 27 years.
C) It is evident, but it has diminished by 50% over the past 27 years.
D) It is evident, and it has widened over the past 27 years.

E) A) and D)
F) A) and B)

Correct Answer

verifed

verified

What is a natural solution to employer discrimination in market economies


A) the threat of judicial review
B) the profit motive
C) the political process
D) the union movement

E) B) and C)
F) None of the above

Correct Answer

verifed

verified

How much do we know about the evidence of discrimination in labour markets


A) It has been quantified by economists for most races.
B) It has been conclusively identified as large differences in average wages rates between men and women.
C) It is difficult to verify by reference to differences in average wage rates.
D) It is more easily identified on the basis of ethnicity than gender.

E) B) and C)
F) None of the above

Correct Answer

verifed

verified

According to the human-capital view,what effect does education have


A) It has no effect on lifetime earnings.
B) It alters work ethic.
C) It enhances productivity.
D) It improves social status.

E) B) and C)
F) None of the above

Correct Answer

verifed

verified

Which finding have economists who study labour markets discovered


A) Chance is difficult to measure, but only about five percent of wage differences are related to chance.
B) Ability is not difficult to measure, but it is largely insignificant in explaining wage differences.
C) Work effort is difficult to measure, but it is not likely to contribute much to an explanation of wage differences.
D) Ability, effort, and chance are all likely to be significant contributors to wage differences.

E) All of the above
F) C) and D)

Correct Answer

verifed

verified

Explain the theory that education acts as a signalling device.How does this contrast with the theory of education as an investment in human capital

Correct Answer

verifed

verified

The theory of signalling suggests that t...

View Answer

Travis,a university student,is considering what he should do for summer employment.Two recruiters show up at his school in search of summer workers.Recruiter A is looking for workers to help a disaster relief agency distribute food aid in Greece.Recruiter B is looking for custodial help to clean motel rooms in a motel located near the entrance to Jasper National Park.Travis is carefully considering the options that each recruiter presents.On the basis of knowledge obtained in his economics class,what is Travis likely to conclude


A) If the motel job requires some night-shift work, wages are likely to be lower than otherwise.
B) The job that is likely to be the most fun is more likely to have a higher wage.
C) If the motel job doesn't require any special skills, the wage offer is likely to be lower than otherwise.
D) The motel job is less pleasant, will attract fewer applicants, and will have a higher wage.

E) A) and C)
F) B) and C)

Correct Answer

verifed

verified

Which idea has challenged the human-capital theory explanation for why people invest in education


A) Schooling acts as a signal to future employers of a worker's ability.
B) Humans cannot be considered capital.
C) Productivity is not linked to wages.
D) University is largely a social phenomenon.

E) B) and D)
F) None of the above

Correct Answer

verifed

verified

Showing 101 - 120 of 167

Related Exams

Exam 1

Ten Principles of Economics

218 Questions

Exam 2

Thinking Like an Economist

239 Questions

Exam 3

Interdependence and the Gains From Trade

207 Questions

Exam 4

The Market Forces of Supply and Demand

351 Questions

Exam 5

Elasticity and Its Application

230 Questions

Exam 6

Supply, demand, and Government Policies

248 Questions

Exam 7

Consumers, producers, and the Efficiency of Markets

216 Questions

Exam 8

Application: the Costs of Taxation

222 Questions

Exam 9

Application: International Trade

182 Questions

Exam 10

Externalities

210 Questions

Exam 11

Public Goods and Common Resources

173 Questions

Exam 12

The Design of the Tax System

200 Questions

Exam 13

The Costs of Production

209 Questions

Exam 14

Firms in Competitive Markets

261 Questions

Exam 15

Monopoly

239 Questions

Exam 16

Monopolistic Competition

191 Questions

Exam 17

Oligopoly

198 Questions

Exam 18

The Markets for the Factors of Production

180 Questions

Exam 20

Income Inequality and Poverty

163 Questions

Exam 21

The Theory of Consumer Choice

191 Questions

Exam 22

Frontiers of Microeconomics

141 Questions

Show Answer