Question
Need assistance with the correct answers Customer discrimination results in (b) was marked as incorrect a lower wages for the discriminated against worker group. b
Need assistance with the correct answers
Customer discrimination results in (b) was marked as incorrect
a | lower wages for the discriminated against worker group. |
b | All of these are results of customer discrimination. |
c | a segregated workforce. |
d | lower firm profits. |
e | a lower output price regardless of who the firm hires. |
Assuming the standard migration model is correct, estimates of the cost of moving can be as high as $300,000. What is likely the worst explanation for what this expense is so high? (c) was marked as incorrect
a | Moving companies typically charge tens of thousands of dollars to transport household goods from one location to another. |
b | People may place a high cost on leaving family and friends. |
c | People may place a high utility value on the cultural benefits and assimilation of their current location. |
d | The psychic costs of moving, for example, the uncertainty of making friends and adjusting to a new city, may be quite high for some people. |
e | People may attach a very high utility to the social amenities in one's birthplace. |
What is the best description of unemployment insurance benefits in the United States? (b) was marked as incorrect
a | All unemployed workers receive the same wage-adjusted benefit regardless of what state they live in. |
b | All unemployed workers receive the same benefit regardless of what their previous job was. |
c | Unemployment benefits are a greater percentage of previous earnings for low-wage workers than for high-wage workers. |
d | The dollar value of unemployment benefits is greater for low-wage workers than for high-wage workers. |
e | Unemployment benefits are based on family size and age. |
The imposition of a minimum wage on a competitive labor market will likely - (a) marked as incorrect
a | create unemployment as some people enter the labor market while some firms reduce the quantity of labor they are willing to employ due to the increased wage. |
b | lower the unemployment rate of low-income families. |
c | increase unemployment of high-skilled workers as firms substitute for high-skilled labor with low-skilled labor. |
d | lower the wages of workers earning more than the minimum wage. |
e | create additional employment opportunities because some low-skilled workers will now see their wage increase. |
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