B. maintain the wage, lower employment

C. increase the wage, increase employment

D. maintain the wage, increase employment

A. efficiency wages

B. unions

D. minimum-wage laws

A. change in companys share price

B. change in a companys balance sheet when it acquires new plant

D. changing value of the capital stock

A. The existence of a wage differential among groups is strong evidence of discrimination in the labour market

C. Bigoted employers are the main source of a persistent discriminatory wage differential in a competitive market

D. Discrimination cannot exist in a competitive labor market

A. coal miners must have greater human capital than others

C. coal miners must be more attractive than other workers

D. we have evidence of discrimination against workers outside the coal mine

A. all of these answers are parts of a workers human capital

B. education

C. experience

D. on the job training

B. high wages, employment

C. high wages, labor supply

D. low wages, employment

B. Working the night shift

C. working harder

D. having a greater amount of natural ability

E. more education

A. encourage the use of less capital, reduce demand for all inputs

C. encourage the use of more capital increase demand for all inputs

D. encourage the use of more capital in the long run, reduce demand for all inputs

A. long run marginal revenue, long run marginal cost

B. labor output ratio, capital output ratio

C. marginal revenue, marginal cost

A. will not work because the hours are anti-social

B. Are not prepared to move house to get the job

D. will not work at the offered wage

B. housing gets priority

C. industry gets priority

D. farming gets priority

A. decrease in the demand for unskilled workers are more poorly educated

B. increase in the number of unskilled workers available due to immigration into the UK.

C. increase in the number of unskilled workers available because workers are more poorly educated

A. Attractive people tend to earn less because attractive people are viewed as shallow and more self-absorbed and therefore, as less productive

B. Attractive people tend to earn less because attractive people usually have less human capital

C. Attractive people tend to earn more because attractive people usually have greater human capital

A. lecturers are lazy

B. the labor markets are imperfect

D. footballers give more entertainment

A. dwellings

B. inventories

C. productive investment

B. course fees

C. course fees and living expenses

D. Course fees living expenses and textbook

B. the best professor

C. the best medical doctor

D. The best accountant

E. All of these answers participate in markets that could generate a superstar

A. can make any worker into a superstar

C. increases human capital and the wages of workers

D. reduces the wage gap between high-skill and low-skill workers.

A. women obtaining less human capital because they dont plan to work continuously to the age of retirement

C. women preferring to work in pleasant clean safe work places

D. customers preferring to deal with men

E. Women entering and leaving the labour force to care for children

A. wage rate of capital

C. marginal capital cost

D. interest charges

A. different levels of job experience

B. different preferences for the type of work they are willing to do

C. different levels of education

A. the government

C. the customer

D. All of these answers could be source of a persistent discriminatory wage differential

A. Men have more human capital than women

B. None of the above

C. Men have more job experience than women

B. variable, interest rates

C. variable, technology

D. fixed, expectations

A. lower non-labour income

C. lower fixed costs of working

D. changes in tastes between leisure and work

E. higher real wages

B. One employee is more attractive than another

C. All of these answers generated

D. One employee works harder than another

E. One employee is more educated than another

B. firms are reluctant to invest in training

C. educational disadvantage

D. they tend to work in relatively unskilled jobs

A. the tools used by workers to enhance productivity

C. a person inherited ability

D. education

B. too few student places in higher education

C. teachers salaries are too low

D. there are too few teachers

B. patents, skill shortages

C. government grants, international competition

D. wage differentials, skill levels

B. increase labour market discrimination because bigoted employers can charge any price they want in a competitive market to cover the cost of their discrimination

C. have no impact on labour market discrimination

D. Increase labor market discrimination because some workers can charge more for their services than other workers in a competitive market

A. ginal revenue product of labor

B. marginal cost of labour

C. Supply of labor

A. its depreciation

B. its scrap values

C. the cost of loans

A. the economy is growing, people prefer leisure

C. members they have, aggressive they behave

D. the productivity is growing vacancies exist

B. only helps firms sort workers into high ability and low-ability workers.

C. can make any worker into a superstar

D. has no impact on the human capital of workers?

A. It must be involved in professional athletics

C. Every customer must be willing to pay an enormous amount for the product and the product must be a necessity

D. Every customer must be indifferent to the price they pay, and the seller must be a competitor in the market for the product

A. sex

B. race

C. age

A. fun

B. safe

D. all these answers

E. easy

A. unionization

B. regional variation

C. relative danger

A. the population

B. the working population

D. employees

A. increase; increase

B. increase; reduce

C. reduce; increase