ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- The major problem with the occupational crowding and dual labor market theories of discrimination is that a) they suggest discrimination is profitable for the firms. b) they are based on the notion of noncompeting groups. c) they are not completely consistent with the empirical facts of labor market discrimination. d) they do not explain how the noncompeting groups were initially formed.arrow_forwardIf it is not profitable to discriminate, why does discrimination persist? If a country had perfect income equality what would the Lorenz curve look like? Offer one reason why income inequality might increase productivity and efficiency in an economy. Offer one reason why income inequality might reduce productivity and efficiency in an economy. Explain your answers. In country A, the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?arrow_forwardSince the 1980’s, the U.S. Supreme Court has upheld arbitration clauses in many types of claims arising under federal employment laws. True or False?arrow_forward
- Consider the standard set up for thinking about statistical discrimination from last class (groups have same average productivity, but one group has a lower slope on the signal component – call this group women). Neither group has a zero y-intercept. A government issues a minimum wage requirement. Which of the following is true: A. At a low enough minimum wage, employers will hire men and women of any signal type. B. At a low enough minimum wage, employers will hire high signal men and low signal women. C. At a low enough minimum wage, employers will hire women of any signal type and only higher signal men. D. At a high enough minimum wage, employers will hire low signal men and high signal women.arrow_forwardHow can you explain in simple terms the rising wage inequality between the skilled and unskilled labor in the Stolper-Samuelson Theorem. Iarrow_forwardDetermine which of the three principle sources of wage differentials is most likely to account for each scenario. * A licensed physician earns more than a nurse: differences in total human capital compensating differentials differences in talent or ability * City sanitation workers earn more than park maintenance workers: compensating differentials differences in talent or ability differences in total human capital * Physical therapists earn more than massage therapists. differences in talent or ability compensating differentials differences in total human capital * Jack, a 22-year-old soccer player, earns more than Jim, who is the same age and has the same level of experience. compensating differentials differences in total human capital differences in talent or abilityarrow_forward
- Which of the following is the BEST example of monopsony employer? a.Hiring of book keepers by companies b.Hiring of astronauts by space stations c.Hiring of cashiers by drug stores d.Hiring of chefs by hamburger jointsarrow_forward5arrow_forwardWhy do economists study sports teams when looking for evidence of labor-market discrimination? Select one: a. because all four United States professional sports leagues (football, basketball, hockey, and baseball) require discrimination studies every five years b. because the salaries paid to professional athletes exhibit the superstar phenomenon, which is highly correlated with discrimination c. because nonwhites comprise a majority of starters for many professional sports teams d. because the wide availability of performance statistics allows economists to control for individual player productivity in ways that are difficult to do for other types of firmsarrow_forward
- Becker argued that discrimination is economically detrimental to all parties and will be eliminated by the market. discrimination is only economically detrimental to the employee but will never be completely eliminated by the market. discrimination is economically detrimental to all parties but will never be completely eliminated by the market. O discrimination is only economically detrimental to the employee and will be eliminated by the market.arrow_forwardDo not use chatgpt.arrow_forwardI need help on the rest of this question.arrow_forward
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