In a well-functioning market economy, who ultimately bears the cost of employment discrimination (failing to hire an otherwise qualified applicant due to an irrelevant variable), the employer or the applicant? Given this result, what is the optimal role for government regulation in hiring practices? Why? Be sure to consider costs and benefits in your answer. Consider University of Alabama football, what was the chief factor in integrating the football team, societal and regulatory pressures or results on the field?

Which of these variables are not considered a function of state occupational regulation?   A. Consumer sophistication   B. Public representation   C. Size of the corporation   D. Contact among consumers     Complexity is the closeness of the industry to the scientific state of the art. True False             What actors penetrate the subsystems to wage policy action?   A. CEO's of industry   B. Journeyman   C. Journalist   D. None of the above

Part B: As a policy analyst for the Congressional Budget Office, you have been asked to estimate the potential costs of occupational licensing to the U.S. economy. Using demand analysis, a basic examination of the national costs of licensing could be developed as follows: Suppose that the entire 10 percent wage premium is from market power (as opposed to greater productivity from enhanced human capital), and further assume that labor supply is perfectly elastic and the labor demand elasticity is 0.5. Hypothetically, assume that the Census data suggests that there are approximately 68 million licensed workers in the U.S. Also assume that the average earning is $50,000. Calculate the potential job loss and the annual cost to consumers as a consequence of occupational licensing. Hint: Recall that the movement up the demand curve is the change in wages times the labor demand elasticity times the number of workers. To calculate the costs, what would a license worker make if they were…

What are the tax benefits of nonprofit status?  Or in other words, how does the U.S. tax code subsidize the nonprofit sector? In addition, what are the arguments in favor of preferential tax treatment for nonprofit firms?

Explain why market forces are likely to eliminate discrimination

Which of the following is not a way that the government has influenced labor in the United States? A. Requirement that men and women should be paid the same amount for the same job B. Minimum wage law that sets the baseline for what employees can be paid C. Requirement that a private company cannot fire an employee without just cause D. Requirement that employers must treat all workers equally regardless of race, gender, or religion

What changes should be made in car crash testing to make cars safer for all occupants? Why do you think these changes haven’t been made yet?  What other examples of male bias can you think of? How would you solve these problems? Would having more women in positions of leadership help solve these problems? Why or why not?

What economic principle justifies the high salaries of some professional athletes? Suppose the manager of a baseball team wants to hire a new pitcher for $4 million per year. Under what circumstances would it make sense for the team to do so? Assume that the government of the state of New Jersey has determined that a large number of injuries and deaths have occurred as a result of accidents involving the installation and repairs of electrical equipment at private residences. In reaction to this problem the state assembly decides to pass a law which requires that all certified electricians pass a tougher state licensing examination. Analyze the impact that this law is likely to have on the market for electricians and explain why safety may not necessarily improve. If the market price of the good or service that a firm produces increases, what happen to the demand of labor? Explain. Several cities across the United States have passed legislation to raise the living wage. How would this…

Select whether True or False An example of economic discrimination is the creation of "ethnic" neighborhoods. In this example, econornic discrimination allows for society to keep "undesirable" elements and people out of certain ares of a city. Therefore, it is a means of keeping certain areas of the city more economically valuable, especially in terms of property values. True False

The bar exam for lawyers is written by practicing lawyers. Why might having practicing lawyers write the exam limit the entry of new lawyers into the profession? Why might they want to limit entry?