Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Textbook Question
Chapter 14, Problem 30RQ
Will a free market tend to encourage or discourage discrimination? Explain briefly.
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Chapter 14 Solutions
Principles of Economics 2e
Ch. 14 - Table 14.10 shows levels of employment (Labor),...Ch. 14 - Table 14.11 shows levels of employment (Labor),...Ch. 14 - Table 14.12 shows the quantity demanded and...Ch. 14 - Do unions typically oppose new technology out of a...Ch. 14 - Compared with the share of workers in most other...Ch. 14 - Are firms with a high percentage of union...Ch. 14 - D0 countries with a higher percentage of unionized...Ch. 14 - Table 14.13 shows information from the supply...Ch. 14 - Explain i11each of the following situations how...Ch. 14 - Does the earnings gap between the average wages of...
Ch. 14 - If immigration is reduced, what is the impact on...Ch. 14 - What determines the demand for labor for a firm...Ch. 14 - What determines the demand for labor for a firm...Ch. 14 - What is a perfectly competitive labor market?Ch. 14 - What is a labor union?Ch. 14 - Why do employers have a natural advantage in...Ch. 14 - What are some of the most important laws that...Ch. 14 - How does the presence of a labor union change...Ch. 14 - What is the long-term trend in American union...Ch. 14 - Would you expect the presence of labor unions to...Ch. 14 - What are the main causes for the recent [tends in...Ch. 14 - What is a monopsony?Ch. 14 - What is the marginal cost of labor?Ch. 14 - How does monopsony affect the equilibrium wage and...Ch. 14 - What is a bilateral monopoly?Ch. 14 - How does a bilateral monopoly affect the...Ch. 14 - Describe how the earnings gap between men and...Ch. 14 - Describe how the earnings gap between blacks and...Ch. 14 - Does a gap between the average earnings of men and...Ch. 14 - Will a free market tend to encourage or discourage...Ch. 14 - What policies, when used together with...Ch. 14 - Describe how affirmative action is applied in the...Ch. 14 - What factors can explain the relatively small...Ch. 14 - Have levels of immigration to the United States...Ch. 14 - How would you expect immigration by primarily...Ch. 14 - What is the marginal cost of labor for a firm that...Ch. 14 - Given the decline in union membership over the...Ch. 14 - Are unions and technological improvements...Ch. 14 - Will union membership continue to decline? Why or...Ch. 14 - If it is not profitable to discriminate, why does...Ch. 14 - If a company has discriminated against minorities...Ch. 14 - If the United States allows a greater quantity of...Ch. 14 - If all countries eliminated all barriers to...
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- An example of a policy that combats discrimination is: Equal employment opportunity legislation Affirmative action legislation Equal pay legislation Pay equity or equal value legislation All of the abovearrow_forwardGive an example of how discrimination might persistin a competitive market.arrow_forwardExplain the discrimination coefficient.arrow_forward
- 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.arrow_forwardDo the forces of economic competition tend to exacerbate or ameliorate discrimination based on race?arrow_forwardSuppose there are two occupations: nurses and doctors. Draw hypothetical supply and demand graphs for male and female workers to both occupations assuming that some of each prefers each job. Now, assume that medical school admissions officers assume that women are unqualified to be doctors so all women find work as nurses. Show the effects of discrimination on your graph.arrow_forward
- 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…arrow_forwardWhich of the following statements proves the existence of wage discrimination? a. Male prison guards earn more on average than female prison guards. b. Professor of economics earn more on average than professors of gender studies. c. Men earn more on average than women. d. All of the above prove the existence of wage discrimination. e. None of the above prove the existence of wage discrimination.arrow_forwardUsing the concept of opportunity cost, explain why discrimination against any population group is economically inefficient?arrow_forward
- Draw a graph of a market where a single league (buyer) employs baseball players. Show that the Monopsony wage will lie below the competitive wage.arrow_forwardHow are Labor Markets Affected by Discrimination? What is meant by a Poverty Trap?arrow_forwardWhich of the following statements is not correct? a) Competitive markets tend to limit the impact of discrimination on wages. b) Differences in earnings of whites and blacks or men and women provide clear evidence of discrimination. c) Some differences in earnings are attributable to discrimination based on race, sex, or other factors. d) Profit-maximizing behavior can reduce discriminatory wage differentials.arrow_forward
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