50. Horizontal occupational segregation describes a situation in which

a. employers necessarily discriminate against women in hiring

b. men and women are in different occupations and womens jobs pay less

c. men and women in the same occupations within a company, but women are paid less

d. men and women are in different occupations, but the occupations are similarly desirable

53. Demand for a college education

a. is greater the higher the personal discount rate

b. increases in response to a decrease in the college high school wage gap

c. increases in economic recessions

d. decreases in economic recessions

65. Suppose a firm only uses two inputs to produce its product: capital and labor. At first, the wage rate for labor is w=20 and the rental rate for capital is r=20. Then both drop to 15

a. the firm will respond to the price changes by using more of both inputs in the long run

b. the firm will definitely use more capital, but the change in labor demand is unkown without knowing the relative sizes of scale and substitution effects on price changes c. the firm will not change its input use because relative pricing havent changed

d. to cost minimize the firm will use equal amounts of capital and labor

69. Advocates of comparable worth policies argue that pervasive occupational segregation

a. is diminishing in the US and thus the equal pay act of 1963 is no longer needed

b. is necessarily a result of labor market discrimination against women

c. is likely driven by choices made by men and women

d. makes the Equal pay act of 1963 an ineffective policy tool for reducing gender disparities in pay

22. The equal pay act of 1963

a. was ruled unconstitutional in supreme court decision of 1965

b. legislated equal pay for men and women in the same jobs

c. outlawed pay differences based on race but not sex

d. outlawed all wage difference for people in the same occupations