Which of the following is not an explanation for the wage gap between workers with college education and workers without college education?O a. Workers with higher education have more human capital.O b. Unproductive workers are more likely to get a college degree.O. Workers use education as a signal.O d. Employers use education as a screening mechanism.In the short-run, the supply of high-skill workers is inelastic becauseO a.it takes time to develop human capital.education is costly.Oc.the wage premium is too low.Od.in the long-run, all workers can obtain the necessary skills.

College Education: A college education is a form of post-secondary education that typically involves…

Which of the following is not an explanation for the wage gap between workers with college education and workers without college education? O a. Workers with higher education have more human capital. O b. Unproductive workers are more likely to get a college degree. Oc. Workers use education as a signal. O d. Employers use education as a screening mechanism. In the short-run, the supply of high-skill workers is inelastic because a. it takes time to develop human capital. O b. education is costly. O c. the wage premium is too low. O d. in the long-run, all workers can obtain the necessary skills.

Which of the following is not an explanation for the wage gap between workers with college education and workers without college education? O a. Workers with higher education have more human capital. O b. Unproductive workers are more likely to get a college degree. Oc. Workers use education as a signal. O d. Employers use education as a screening mechanism. In the short-run, the supply of high-skill workers is inelastic because a. it takes time to develop human capital. O b. education is costly. O c. the wage premium is too low. O d. in the long-run, all workers can obtain the necessary skills.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 40P: Assume that the supply of law-skilled worker is fairly elastic, but the employers demand for such...

See similar textbooks

Similar questions

What is die price commonly called in the labor market?
Name some factors that can cause a shift in the demand curve in labor markets.
Does a gap between the average earnings of men and women, or between whites and blacks, prove that employers are discriminating in the labor market? Explain briefly.
Table 14.10 shows levels of employment (Labor), the marginal product at each of those levels, and the price at which the film can sell output in the perfectly competitive market where it operates. What is the value of the marginal product at each level of labor? If the firm operates in a perfectly competitive labor market where the going market wage is 12, what is the films profit maximizing level of employment?
A government passes a family-friendly law that no companies can have evening, nighttime, or weekend hours, so that everyone can be home with their families during these times. Analyze the effect of this law using a demand and supply diagram for the labor market: first assuming that wages are flexible, and then assuming that wages are sticky downward.
Why are the factors that shift the demand for a product different from the factors that shift the demand for labor? Why are the factors that shift the supply of a product different from those that shift the supply of labor?
Assume that the supply of law-skilled worker is fairly elastic, but the employers demand for such workers is fairly inelastic. If the policy goal is to expand employment for low-skilled workers, is it better to focus on policy tools to shift the supply of unskilled labor or on tools to shift the demand for unskilled labor? What if the policy goal is to raise wages for this group? Explain your answer with supply and demand diagrams.