Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN: 9781305971493
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 19, Problem 3CQQ
To determine
Example of efficiency wages.
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Marshall and Lily work at a local department store.Marshall, who greets customers as they arrive, ispaid less than Lily, who cleans the bathrooms. Thisis an example ofa. a compensating differential.b. human capital.c. signaling.d. efficiency wages.
Ted leaves his job as a high school math teacher andreturns to school to study the latest developmentsin computer programming, after which he takesa higher-paying job at a software firm. This is anexample ofa. a compensating differential.b. human capital.c. signaling.d. efficiency wages
There are many reasons why women earn less than men. One is attributed to the education and work environment women seek. Women often look for jobs that have normal hours, good working conditions, and safety.
True or
False?
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Principles of Microeconomics (MindTap Course List)
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- "Do Men and Women Earn the Same Amount?" Please give a reason behind your answer.arrow_forwardon a production-possiblilities curve, underemployment is represented by a point above and to the right of the curve. True or False?arrow_forwardLabor economics What is positive/negative selection of migrants? What determines whether migrants are positive selected?arrow_forward
- 1. _______________involves active efforts to improve the job opportunities or outcomes of minority groups or women. A)Affirmative action B)Aligned action C)Meritorious action D)Anti-discriminative action 2.Increased immigration that is weighted towards low-skill workers may cause the wages of domestic low-skilled workers to_____________. A)increase b) shift c) decrease D) remain unchanged 3.Through various studies, most economists believe that in the topic of increased immigration; a) benefits outweigh the costs B) the benefits are negligible c) the benefits are equal to the costs D) costs outweigh the benefitsarrow_forwardUnder the _______ doctrine, workers in the United States are free to work for whomever they want, and employers are free to hire whomever they want, as well as fire them at will. a constructive dismissal b employment-at-will c affirmative action d individual freedom e work ethicarrow_forward
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