LaBOP M.arkets and Wages Question 21 Not yet answered Points out of 1 P Flag que
ID: 1166421 • Letter: L
Question
LaBOP M.arkets and Wages Question 21 Not yet answered Points out of 1 P Flag question Which of the following is the least likely explanation for an increase in wages needed to attract a glven number of workers? Select one: o a. The employer discriminates O b. The job is stressful. O c. The job is not very prestigious. O d. The job is dangerous Question 22 Points out of 1 F Rag question Not yet answered Which of the following statements is TRUE? Select one: a. The market supply of labor is always upwa rd sloping, but an individual's labor supply may not be upward sloping throughout its entire range. o b. Both the market supply of labor and the indvidual's labor supply will both be upward sloping. is always upward sloping but the market supply of labor may not be upward sloping throughout its entire range. O d. Both the market supply of labor and the individual's labor supply may not be upward sloping across their entire range. Question 23 Not yet answered Points out of 1 P Flag question ough neither job requires a cllege degree. This difference in wages A crime scene cleaner earns about three to four times more than an office cleaner, even th Select one O a. reflects a compensating differential. O b. is solely because of differences in demand O C. is caused by differences in labor market issues. d, results from discrimination because most office cleaners are women.Explanation / Answer
21) a is correct
Discrimination by employers is not a likable reason for increasing wages to attract more workers.
22) a is correct
Individual supply curve can be backward bending as with higher wages some workers can choose to have more leisure time. But market supply of labor is upward sloping.
23) a is correct
Differential compensation is an increase in wages paid to workers to make them work in not very respectable or dangerous jobs.
24) d is correct
Preferential discrimination is a practice of discriminating individuals based on no logic but preferences.
25) b is correct
In perfect competition market wage which is marginal cost, is equal to marginal product of labor. Wage is determined at the intersection market demand and market supply of workers.
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