rd QUESTION 57 a There is a cost advantage for firms that do not discriminate o
ID: 1127952 • Letter: R
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rd QUESTION 57 a There is a cost advantage for firms that do not discriminate o c. Workers who are victims of discrimination will eventually drop out of the labor market QUESTION 58 Economists who study labor markets have discovered that O b ability, effort, and chance are lkely to be significant contributors to wage differences O c ability is not difficult to measure but is largely o d. only about 5 percent of wage differences are related to chance QUESTION 59 in town, and she eams $350,000 a year Susan is an average eye surgeon i in town, and she eams $100,000 a year Jil's skills as a surgeon O b.are valued less by the market relative to Susan's and that explains why her income is lower than Susan's less by the market relative to Susan's and that explains why her income is higher than Susan's d are valued more by the market relative to Susan's and that explains why her income is higher than Susans QUESTION 60 Economists who attempt to explain the increasing eamings gap aOne hypothesis emphasizes education, and the other b One hypothesis emphasizes education, and the other emphasizes supply and demand c One hypothesis emphasizes signaling, and the other emphasizes education izes random influencesExplanation / Answer
57.Ans: a. There is a cost advantage for firms that do not discriminate.
58.Ans: b Ability effort and chance are likely to be significant contributors to wage difference.
59.Ans: d. are valued more by the market relative to Susan's and that explains why her income is higher than Susan's
60.Ans: d. One hypothesis emphasizes international trade, and the other emphasizes technology.
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