Question :
11.3 Wage Inequality
1) Which of the following NOT a factor : 1377478
11.3 Wage Inequality
1) Which of the following is NOT a factor that can cause wage inequality across workers producing the same good?
A) Differences in compensating wages
B) Differences in productivity and human capital
C) The nature and extent of discrimination in the job market
D) The market price of the final good being produced by the workers
2) A person’s stock of skills to produce economic value is referred to as:
A) fixed capital.
B) human capital.
C) personal wealth.
D) personal capital.
3) Sarah is a high school graduate and James is a college graduate. Which of the following statements is true?
A) Sara is likely to have more human capital than James.
B) James is likely to have more human capital than Sara.
C) Both Sara and James are likely to earn the same wage in the labor market.
D) Both Sara and James are likely to have the same amount of human capital.
4) Sandra has been working as a software engineer for five years and Jack has been working as a software engineer for two years. Which of the following statements is true of Sandra and Jack?
A) Sandra is likely to earn lower wages than Jack.
B) Sandra is likely to earn the same wage as Jack.
C) Sandra is likely to be more productive at work than Jack.
D) Sandra is likely to be equally productivity at work as Jack.
5) Which of the following statements is true?
A) Firm-specific human capital adds to productivity in only one firm.
B) Firm-specific human capital is equally productive in all industries in an economy.
C) Firm-specific human capital is equally productive in all firms in a particular industry.
D) Industry-specific human capital is equally productive in all industries in an economy.
6) Which of the following is a likely reason for wage inequality between men and women?
A) Men generally tend to have higher education qualifications than women.
B) Women generally tend to have higher educational qualifications than men.
C) Men tend to spend more time out of the labor force as compared to women.
D) Women tend to spend more time out of the labor force as compared to men.
7) Which of the following statements is true?
A) A worker who undertakes general training is likely to earn above his value of marginal product.
B) Firm-specific training results in gains to a worker and not to an employer in the labor market.
C) Job-specific training results in gains to a worker’s employer, but it does not result in gains to the worker in the labor market.
D) Training received by a worker does not affect his wages as wage rates are determined by the forces of demand and supply in the labor market.
8) Which of the following statements is true?
A) Firm-specific training results in losses to a worker.
B) Firm-specific training results in losses to a worker’s employer.
C) A worker is more likely to pay for firm-specific training than for general training.
D) A worker is more likely to pay for general training than for firm-specific training.
9) A compensating wage differential is a wage premium paid in order to:
A) recognize a more efficient employee.
B) attract workers who have a family to support.
C) improve the goodwill of a firm hiring workers.
D) attract workers to otherwise undesirable occupations.
10) Which of the following statements is true?
A) Lower wages are normally offered for jobs with better amenities.
B) Jobs that are relatively risky pay a lower wage than other safer jobs.
C) Educational qualifications and wage rates are negatively correlated.
D) Incentives are normally higher for desirable occupations in comparison to undesirable occupations.
