. 37.Tragedy of the Commons: There are 400 bonus points available on thisexam. Please choose how many you would like to take out of the pool.However, if the total number of bonus points requested exceeds thesize of the pool, no one will receive any bonus points.а. О pointsb. 1 pointс. 2 рpointsd. 3 pointsе. 4 points38. Recent research has found evidence of current discrimination in hiringpractices – individuals with ethnic names are called back for jobinterviews far less frequently even though they have identical resumes.This is evidence of:a. Firm-based preferences, because firms are the ones doing thediscriminationb. Firm-based preferences, because firms can get higher quality laborif they discriminateConsumer-based preferences, because biased firms would facehigher costs and be driven out of the marketC.d. None of these39. New economics PhDs get paid more if they work in a business schoolinstead of a traditional economics department. Which of the followinghelps explain this?a. Skill-biased technical changeb. Unskilled-biased technical changec. Compensating differentialsd. The economics of superstarse. None of these40. In exchange for bailing out Greece, Germany has demanded that Greeceenact certain policies that would restrict its government from spendingmoney in the future. By doing so, Germany is hoping to avoida. Both moral hazard and adverse selectionb. Neither moral hazard nor adverse selectionc. Adverse selection, but not moral hazardd. Moral hazard, but not adverse selection

37.Tragedy of the Commons: There are 400 bonus points available on this exam. Please choose how many you would like to take out of the pool. However, if the total number of bonus points requested exceeds the size of the pool, no one will receive any bonus points. а. О points b. 1 point с. 2 points d. 3 points е. 4 points

37.Tragedy of the Commons: There are 400 bonus points available on this exam. Please choose how many you would like to take out of the pool. However, if the total number of bonus points requested exceeds the size of the pool, no one will receive any bonus points. а. О points b. 1 point с. 2 points d. 3 points е. 4 points

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: Earnings And Discrimination

Section: Chapter Questions

Problem 8PA

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Similar questions

Does the earnings gap between the average wages of females and the average wages of males prove labor market discrimination? Why or why not?
You are considering hiring an employee whose marginal revenue product will be $17 per hour, and the market wage for such workers is $15 per hour. You should Select one: a. hire the worker, but agree to pay her $19 per hour. b. not hire the worker since the marginal revenue product is too high. c. not hire the worker because the gap between marginal revenue product and the wage is not large enough. d. hire the worker at the market wage.
After controlling for age and education, it is found that the average woman earns $0.80 for every $1.00 earned by the average man. After controlling for occupation to control for compensating differentials (i.e., maybe men accept riskier or more stressful jobs than women, and therefore are paid more), the average woman earns $0.92 for every $1.00 earned by the average man. The conclusion is made that occupational choice reduces the wage gap 12 cents and discrimination is left to explain the remaining 8 cents.a. Explain why discrimination may explain more than 8 cents of the 20-cent differential (and occupational choice may explain less than 12 cents of the differential).b. Explain why discrimination may explain less than 8 cents of the 20-cent differential.
Which of the following statements is correct? If potential employers could observe the productivities of different individuals, but still offer different salaries to man and women, the employers are having statistical discrimination. The findings of Charles & Guryan (2008) suggest that the black-white wage gap in the U.S. is unaffected by the prejudices of the most prejudiced persons in a state, which provides evidence against the taste-based discrimination in the U.S. There are two hypothetical countries. Each country has three people. In County A, the wealth of the three persons are respectively 9, 10, and 11. In Country B, the wealth of the three persons is respectively 4, 6, and 9. As measured by the standard deviation of wealth, Country A has lower wealth inequality. Consider a graph where the probability of injury is represented on the horizontal axis, and the wage is represented on the vertical axis. The isoprofit curves on this graph are…
16) If labour market discrimination crowds women into a limited number ofoccupations so that the number of occupations available to men increases, then(a) the wages of men will be lower, but the marginal productivity of men will be higherthan it otherwise would be.(b) both the wages and the marginal productivity of men will be higher than theyotherwise would be.(c) both the wages and the marginal productivity of men will be lower than theyotherwise would be.(d) wages of men will be higher, but the marginal productivity of men will be lowerthan it otherwise would be.
Consider the two examples of labour demand below. In which case is the wage elasticity of demand more elastic? Explain briefly. 1. The demand for physiotherapists, on the staffs of pro sports teams. 2. The demand for physiotherapists, at physiotherapy clinics.
Assume we are investigating gender differences in labor market outcomes and we are analyzing employee discrimination. When discussing employee discrimination, the typical assumption is that two groups of workers are perfect substitutes. Some research, however, suggests that worker productivity rises when the diversity of the workforce in a firm increases. This implies that the marginal productivity of male workers increases as more female workers are hired. If employee discrimination occurs against women, under what conditions will a gender-segregated workforce exist? Will a wage gap between men and women exist? Explain your answer.
List the six factors that can explain a variance in earnings. Select ONE factor and list two reasons why this you believe this factor has the most influence in wage differences. Why is the price elasticity of supply different for low mobility workers and high mobility workers? In proving that there are earnings differentials caused by discrimination, what three factors are necessary in a study conducted to prove this point?
Give an example of how discrimination might persistin a competitive market.
Only typed answer Two firms H and L have discrimination coefficients dH and dL, where dH > dL. Briefly explain the difference in employment levels and profits between the two firms.
Explain the discrimination coefficient.
Explaining the college premium in the 1970s: As shown in Figure 7.8, the col-lege wage premium declined in the 1970s. Using a supply-and-demand graph, explain why this decline might have occurred.