1. Which of the following is NOT the main driver behind the process of improving

Question

1. Which of the following is NOT the main driver behind the process of improving the quality of American jobs?
A) government regulation
B) labor unionization
C) increasing wealth
D) profit incentive (incorrect answer)

2.  Suppose a firm pays white workers $40 an hour but pays black workers who are as productive as the white workers $25 an hour.
A) This firm could increase profits by hiring more black workers at $25 and using fewer white workers.
B) This firm is practicing statistical discrimination.
C) This firm is a profit maximizer because it is saving money on the hiring of black workers.
D) This is an example of employer discrimination, which means that the wage differentials are likely to not be competed away. (incorrect answer)

3. The marginal product of labor curve is the same as the:
A) marginal cost curve for labor.
B) wage curve for labor.
C) labor supply curve. (incorrect answer)
D) labor demand curve.

Explanation / Answer

1. Which of the following is NOT the main driver behind the process of improving the quality of American jobs-

C) increasing wealth.

2.  Suppose a firm pays white workers $40 an hour but pays black workers who are as productive as the white workers $25 an hour- B) This firm is practicing statistical discrimination.

Statistical discrimination is an economic theory that attempts to explain racial and gender inequality.

3.The marginal product of labor curve is the same as the- B) wage curve for labor.

Explanation=MPl means change in output results due to change in labour.MPL = Q/L=w

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