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B) False
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A) all famous people equally.
B) any type of worker who has high productivity.
C) markets where technology allows the best producer to supply every customer at a low cost.
D) markets where a small group of workers produce a much higher quality product than the average worker.
F) A) and D)
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A) paying workers with more years of experience higher wages than workers with fewer years of experience, all else equal
B) paying workers who work on the day shift lower wages than workers who work the night shift, all else equal
C) paying accountants who have passed the Certified Public Accountant exam higher wages than accountants who have not passed it, all else equal
D) All of the above are examples of compensating differentials.
F) All of the above
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A) indicated that sports with strong player associations are unlikely to experience wage discrimination.
B) suggested that government regulation had eliminated most evidence of wage discrimination.
C) found some evidence of consumer-driven wage discrimination.
D) found that measurement of marginal productivity was very difficult for baseball players.
F) None of the above
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A) Restaurant customers preferred to be waited on by white waitresses rather than black waitresses.
B) Black basketball players earned more than white basketball players.
C) Employers were more likely to request interviews with job applicants with "white" names such as Greg than from applicants with "black" names such as Jamal.
D) Employers were more likely to request interviews with job applicants with "masculine" names such as Mark than from applicants with "feminine" names such as Lisa.
F) A) and B)
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A) experience
B) job characteristics
C) physical attractiveness
D) All of the above are correct.
F) A) and B)
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A) an ability for almost everyone to enjoy movies at a relatively low cost.
B) the above-average intellect of the average movie star.
C) a compensating differential.
D) a lack of technological advances in the movie industry.
F) B) and D)
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Lucy is more product...View Answer
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A) The job does not require specialized skills.
B) The job is easy.
C) The job is incredibly dull.
D) The job has minimal risk of injury.
F) B) and C)
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B) False
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A) rise from $15 per hour to $18 per hour and 100 fewer people will be employed.
B) rise from $15 per hour to $18 per hour and 200 more people will be employed.
C) fall from $15 per hour to $12 per hour and 100 more people will be employed.
D) fall from $18 per hour to $15 per hour and 200 fewer people will be employed.
F) None of the above
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A) the ingredients a chef uses to prepare meals
B) the pots and pans and other tools a chef uses to prepare meals
C) the financial capital a chef uses to start his own restaurant
D) the skills a chef learns when attending a class about cake decorating
F) B) and D)
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A) Both the human capital theory and the signaling theory of education could explain why college graduates earn more than high school graduates.
B) The signaling theory of education suggests that the ability to complete a college degree is correlated with the ability to perform well in the labor market.
C) If the human capital theory of education is correct, a government policy that pays for additional schooling for all workers would not increase wages.
D) If the signaling theory of education is correct, a government policy that pays for additional schooling for all workers would not increase wages.
F) A) and D)
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A) Firms hiring nonbald barbers will have a cost advantage, leading to an increase in the demand for nonbald barbers.
B) All firms that hire only bald barbers will go out of business.
C) Firms hiring bald barbers will enter the market, increasing the demand for bald barbers.
D) Firms hiring nonbald barbers will enter the market, increasing the demand for nonbald barbers.
F) A) and D)
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A) workers are efficient.
B) workers have an incentive to shirk their responsibilities to their employers.
C) wages must always adjust to balance labor supply and labor demand.
D) firms sometimes choose to pay their workers above-equilibrium wages.
F) B) and C)
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A) Compensating differentials create a higher wage for professional athletes.
B) Technological progress has advanced less in the construction industry then in sports training.
C) Productivity levels are low in the construction industry due to the high number of people willing to be construction workers.
D) A construction worker can provide his services to only a limited number of customers.
F) A) and B)
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A) decreases the firm's costs.
B) increases the firm's costs.
C) is evident if a white manager refuses to hire a certain black applicant.
D) is evident if a male manager fails to hire a certain female applicant.
F) A) and C)
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A) 100
B) 200
C) 300
D) 400
F) B) and C)
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