Determine which of the three principle sources of wage differentials is most likely to account for each scenario. a. Airline captains earn more than copilots. O differences in total human capital 0 compensating differentials o differences in talent of ability Incorrect The labor market for engineers specializing in microchip technology is graphed below. Adjust the graph to depict what happens if the demand for microchips increases. What if, at the same time, the union for microchip engineers implements a policy forcing companies to only hire engineers with a doctorate degree? Labor Market Wages Quantity of Microchip Engineers Rachelle sells organic goat milk to organic food stores across the country. All goats are free-range, grass-fed, and hand-milked by goat workers. Suppose rnad goat disease wipes out half of the population goats in the country. What happens to the price of goats as a result of the devastating disease? 0 There is no change in the price of a goat. o The price per goat increases. 0 The price per goat decreases. Use the graph to illustrate how the change in the price of goats impacts the market for goat workers. Market for Goat Workers Wage ($) In some European countries, it is common practice for employers to request job candidates to submit a professional headshot when applying for ajob. We might expect this practice 0 to increase opportunities for implicit bias in labor markets 0 to decrease opportunities for prejudice in labor markets 0 to increase opportunities for statistical discrimination in labor markets 0 all of these