Question 1

Daryn earns a higher salary than his friend Nick because Daryn is willing to work on the loading dock,whereas Nick prefers to work in an air-conditioned office.The difference in salary could illustrate a compensating differential.

Accepted Answer

A) True 
 B)False

Question 2

The human capital theory explanation for why people invest in education has been challenged by a theory that suggests

Accepted Answer

A)   schooling acts only as a signal of ability.
B)   humans cannot be considered "capital."
C)   productivity is not linked to wages.
D)   college is largely a social phenomenon.E) A) and B)
F) A) and C)

Question 3

John has financial assets totaling $1.5 million,and he plans to use these assets to start his own business.Since John owns these funds and will not need to borrow to start his business,these assets are considered human capital.

Accepted Answer

A) True 
 B)False

Question 4

Evidence of differences in average wages of women compared to men

Accepted Answer

A)   clearly illustrates differences in productivity between genders.
B)   provides conclusive evidence of discrimination on the basis of gender.
C)   is seldom used to provide evidence of discriminatory bias.
D)   does not provide conclusive evidence of discrimination.E) None of the above
F) A) and D)

Question 5

Over the past 30 years,the number of jobs in the United States requiring skilled labor has been declining as foreign countries steal these jobs away from the U.S.As a result,the domestic demand for skilled labor has been falling and the wage gap between skilled and unskilled labor has been narrowing.

Accepted Answer

A) True 
 B)False

Exam 19: Earnings and Discrimination

Correct Answer
verified

The human capital theory explanation for why people invest in education has been challenged by a theory that suggests

Correct Answer
verified

Evidence of differences in average wages of women compared to men

Correct Answer
verified

John has financial assets totaling $1.5 million,and he plans to use these assets to start his own business.Since John owns these funds and will not need to borrow to start his business,these assets are considered human capital.

Correct Answer
verified

Daryn earns a higher salary than his friend Nick because Daryn is willing to work on the loading dock,whereas Nick prefers to work in an air-conditioned office.The difference in salary could illustrate a compensating differential.

Correct Answer
verified

Exam 19: Earnings and Discrimination

Correct AnswerverifiedShow Answer

The human capital theory explanation for why people invest in education has been challenged by a theory that suggests

Correct AnswerverifiedShow Answer

Evidence of differences in average wages of women compared to men

Correct AnswerverifiedShow Answer

John has financial assets totaling $1.5 million,and he plans to use these assets to start his own business.Since John owns these funds and will not need to borrow to start his business,these assets are considered human capital.

Correct AnswerverifiedShow Answer

Daryn earns a higher salary than his friend Nick because Daryn is willing to work on the loading dock,whereas Nick prefers to work in an air-conditioned office.The difference in salary could illustrate a compensating differential.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
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