One of the problems with calculating the true amount of discrimination that takes place in the market for labor is
a. the inability to calculate wage differentials.
b. the inability to see changes in the wage differentials over a period of time.
c. the difficulty in measuring productivity differences between workers.
d. the difficulty in measuring female labor-force participation.
c
You might also like to view...
Which of the following is true?
i. Marginal cost is measured by the maximum price that consumers are willing to pay for another unit of a good or service. ii. Producer surplus equals marginal benefit minus price, summed over the quantity produced. iii. A supply curve is a marginal cost curve. A) only iii B) only i C) only ii D) i and ii E) i and iii
The crowding-out effect refers to the possibility that an
a. increase in the money supply will result in a decline in taxes. b. increase in consumption spending will crowd out government spending. c. increase in private savings will crowd out the taxable income of households. d. increase in government borrowing will result in higher interest rates, which will crowd out private investment and consumption.
In Econland, 500,000 of the 2 million people in the country are employed. Average labor productivity in Econland is $15,000 per worker. Real GDP per person in Econland totals:
A. $3,750. B. $11,250. C. $60,000. D. $1,250.
Banks help savers find productive uses for their funds because banks are specialized in:
A. gathering information about and evaluating potential borrowers. B. securing government guarantees for loans. C. evaluating the riskiness of stocks. D. obtaining preferential tax treatment for savers.