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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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