Chapter 2 Review

docx

School

Texas Woman's University *

*We aren’t endorsed by this school

Course

5623

Subject

Economics

Date

Apr 3, 2024

Type

docx

Pages

Uploaded by SuperHuman_Pencil_Duck9

Chapter 2 – Review 14/15 1. John and Mark hold equivalent secretarial jobs, but John, who makes 20 percent more than Mark, is employed by a manufacturing firm while Mark is employed by a department store. Based on this information, which of the following best explains this pay differential? Group of answer choices interindustry wage differentials differences in human capital intensity merit exception of the Equal Pay Act of 1963 John's stronger negotiation skills 2. Which of the following is typically the case for companies that operate in product markets where there is relatively little competition from other companies? Group of answer choices lower wages and lower profits lower wages and higher profits higher wages and higher profits higher wages and lower profits 3. Which factors account for considerable variation in pay between occupations? Group of answer choices employment laws interindustry wage differentials relevant labor market knowledge, skills, and abilities 4. Which factors account for considerable variation in pay within occupations? Group of answer choices employment laws interindustry wage differentials relevant labor market knowledge, skills, and abilities 5. A common, but mistaken assumption, is that high demand for workers applies only to which kind of jobs? Group of answer choices medical doctors low-skilled jobs highly skilled jobs information security analysts 6. When considering cost-of-living differences between locations, which type of costs stand out? Group of answer choices

Chapter 2 – Review 14/15 housing education health care food and energy 7. Many nonunion companies offer higher compensation than they would if unions were nonexistent. What is this phenomenon called? Group of answer choices progressive compensation the spillover effect concessionary bargaining inter-industry compensation differentials 8. An employee has a regular hourly rate equal to $12. According to FLSA, how much should her/his employer pay this employee for each additional hour worked beyond the regular 40 hours within a period of 7 consecutive days? Group of answer choices $12 $14 $16 $18 9. Which law defines hours worked? Group of answer choices National Labor Relations Act Davis-Bacon Act Equal Pay Act Portal-to-Portal Act 10. Which of the following examples is NOT considered a compensable work activity? Group of answer choices A fireman plays checkers while waiting for an alarm. An employee attends an employer-mandated training. An employee travels from home before the regular workday and returns home at the end of the workday. An employee takes a 15-minute rest during work time. 11. Based upon the FLSA child labor provisions, what is the minimum age that a child must be in order to be legally employed? Group of answer choices 10 12 14 19

Chapter 2 – Review 14/15 12. Intentionally treating women less favorably than men based upon their gender would be what form of discrimination? Group of answer choices disparate treatment disparate impact disparate causality situational discrimination 13. This act strengthened the Equal Pay Act of 1963 by requiring employers to show that pay disparities are job related rather than sex- based. This act also prohibits employers from retaliating against employees who share their salary information. Group of answer choices The Paycheck Fairness Act The Civil Rights Act of 1964 The Age Discrimination in Employment Act of 1967 The Pension Protection Act of 2006 14. Jennifer works as a clerk in a company. The essential function of her job is typing on a keyboard. If she develops crippling arthritis that interferes with her ability to type, which act requires her employer to make reasonable accommodations, such as providing a voice- recognition input device? Group of answer choices Family and Medical Leave Act of 1993 Americans with Disabilities Act of 1990 Davis-Bacon Act of 1931 Occupational Safety and Health Act of 1970 15. Construction contractors, working on government contracts valued at more than $2,000, must pay their laborers and mechanics what type of local area-based wage to be in compliance with the Davis- Bacon Act of 1931? Group of answer choices minimum wage prevailing wage prevalent wage discretionary wage

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

Related Documents

Chapter 6_ Methods of Financing Forecasting_ Revenue.docx

Worksheet chpt 12 student copy.pdf

Review Article 2.docx

dox7.docx

DuPontIsaacArticleReview1.docx

questions.docx

Final Project Part One.docx

uncle sam's toolbox.docx

EN201_MICROWEEK1DISCUSSION.docx

Module Eight Short Paper_Reese,Kayla.docx

SWOT Analysis_Reese,Kayla.docx

Module One Short Paper_Reese,Kayla.docx

Recommended textbooks for you

Principles of Microeconomics

Economics

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:Cengage Learning

Principles of Economics, 7th Edition (MindTap Cou...

Economics

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:Cengage Learning

Economics (MindTap Course List)

Economics

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Cengage Learning

Microeconomics

Economics

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Cengage Learning

Microeconomics: Private and Public Choice (MindTa...

Economics

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:Cengage Learning

Macroeconomics: Private and Public Choice (MindTa...

Economics

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:Cengage Learning

SEE MORE TEXTBOOKS

Recommended textbooks for you

Principles of Microeconomics
Economics
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Principles of Economics, 7th Edition (MindTap Cou...
Economics
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning