Job search is defined as O A. equivalent to job rationing. O B. attending school to increase your employability. O C. saying you are looking for a job when you are actually not looking. O D. the activity of looking for an acceptable, vacant job. O E. being paid an efficiency wage.

At the current starting salary of $18,000 per year, the number of new business school graduates demanded is 100,000 a year and the number supplied is 120,000. Based on this information, you can conclude that Select one: O a. there's a shortage of new business school graduates in the market. O b. the equilibrium wage of business school graduates is more than $18,000 per year. the equilibrium wage of business school graduates is less than $18,000 per year. O d. the labor market for new business school graduates is in equilibrium.

Most economists believe that only part of the gap between the wages of white males and the wages of other groups is due to discrimination. Economists believe that some of the gap is explained by which of the following factors? O A. differing preferences for types of jobs B. differences in education C. differences in experience O D. All of the above. Which of the following is part of the economic analysis of discrimination? O A. Employers who discriminate pay an economic penalty because very few workers are willing to work for an employer who discriminates. O B. Employers who discriminate receive an economic reward from retaining only the most productive workers. C. Market competition has entirely eliminated economic discrimination in the United States. D. Employers who discriminate pay an economic penalty imposed by market competition.

Figure 3.2 Wage Rate ($ per day) 15 5. 0 20 Quantity of Labor O $15; 30 workers 5; 30 workers S₁ $5; 20 workers O $10; 40 workers D₁ 40 In Figure 3.2, assume that we have labor market demand and supply curves of D₂ and S₁, respectively. What is the equilibrium wage and employment level? S₂ D₂