A) Women earn less than men because women are more likely to be employed in occupations that pay less,such as elementary school teachers rather than electrical engineers.
B) Women earn less than men because women have,on average,fewer years of experience in the labor force because women,on average,periodically leave the labor force to raise children.
C) A pharmaceutical sales company pays women less than men because the company's customers,physicians and pharmacists,say that they prefer to deal with men rather than women.
D) All of the above are examples of discrimination.
F) A) and B)
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B) False
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B) False
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A) store clerk jobs are perceived to be relatively easy,thus attracting low-skill workers.
B) store clerk jobs are perceived to be relatively difficult,thus attracting high-skill workers.
C) many people perceive the job of store clerk as having significant risk of death on the job.
D) store clerks are required to have a college degree.
F) A) and B)
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A) Yes,because the experience gained during the internship would increase the student's human capital.
B) No,because the opportunity cost is too high.
C) No,because the student is signaling to future employers that he or she is willing to accept low wages.
D) Yes,because accepting an unpaid job signals to future employers that the student has stable personal finances.
F) A) and B)
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A) a compensating differential.
B) an efficiency wage.
C) discrimination.
D) compensating variation.
F) All of the above
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A) They affect skilled workers' wages.
B) They create above-equilibrium wages for some unskilled workers.
C) They create a shortage of unskilled labor.
D) They negatively affect the employment of skilled workers.
F) A) and D)
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A) has more education.
B) is willing to work the night shift.
C) is a man,whereas worker B is a woman.
D) has better performance reviews,indicating higher productivity.
F) B) and D)
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A) higher wages than Job B because the labor supplied for Job B will be greater.
B) lower wages than Job B because the labor supplied for Job B will be greater.
C) higher wages than Job B because the labor supplied for Job A will be greater.
D) lower wages than Job B because the labor supplied for Job A will be greater.
F) C) and D)
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B) False
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A) the higher the person's earnings.
B) the more physically attractive the person is likely to be.
C) the more socially outgoing the person is likely to be.
D) All of the above are correct.
F) All of the above
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B) False
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The theory of signaling suggests that th...View Answer
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A) wages of individuals differ on the basis of some recognizable attribute that is unrelated to productivity.
B) wage rates differ for similar jobs.
C) consumers prefer to shop at some stores,and not at others.
D) wages reflect workers' human capital.
F) B) and C)
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B) False
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A) Better-looking people are preferred by customers;thus,employers will pay them higher wages than average-looking people.
B) Beauty may be an indirect measure of other abilities that employers value.
C) Average-looking people are preferred by customers;thus,employers will pay them higher wages than better-looking people.
D) Employers discriminate in favor of better-looking people.
F) None of the above
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A) discrimination cannot exist in markets.
B) employers are not really interested in maximizing profit.
C) employers typically base wages paid on the prevailing market wage.
D) holding productivity constant,a profit-maximizing employer will hire the cheapest labor available.
F) A) and B)
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A) If the signaling theory of education is correct,additional schooling does not affect worker productivity but rather signals a correlation between natural ability and education.
B) The theory of efficiency wages suggests that firms pay higher wages to workers in order to induce workers to be more productive.
C) Discrimination against workers of a certain race or ethnicity is often in conflict with a firm's desire to maximize profits.
D) The theory of compensating wage differentials reflects the different skills,abilities,and productivity of workers.
F) C) and D)
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A) architects' services are not as highly valued by society as are the services of athletes and actors.
B) only physically attractive people can become superstars,and it would be a coincidence if a highly talented architect were also physically attractive.
C) government regulations place restrictions on the incomes of architects,but there are no such restrictions on the incomes of athletes or actors.
D) it is impossible,currently,for an architect to supply his or her services at low cost to every customer.
F) None of the above
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B) False
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