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Microeconomics Study Set 28

Business

Quiz 14 :

Labour Markets and Income Inequality

Quiz 14 :

Labour Markets and Income Inequality

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One or two generations ago,fewer Canadians completed post -secondary training and education.One explanation for this is
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D

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Other things being equal,individuals working in relatively risky working conditions generally
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B

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If you choose to stay in school beyond the compulsory minimum period,you are
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D

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In recent years,some business schools in Canada have begun charging tuition of close to $35 000 per year for a graduate degree,whereas Arts faculties charge much lower tuition for their graduate degrees.Students are prepared to pay the high tuition in a business school because
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In a perfectly competitive labour market,all workers would earn the same wage if
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The table below shows the labour demand and labour supply schedules in a competitive labour market. img TABLE 14-1 -Refer to Table 14-1.In this labour market,if the wage rate is $10 per hour,how many hours of labour per month are actually employed?
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A typical firm hiring in a perfectly competitive labour market faces a marginal cost curve for labour that is
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Wage differentials due to cross-worker differences in human capital
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Investment in human capital can be very costly to the individual,but it can also generate large returns.Canadian census data from 2007 show that average employment income for a university graduate is approximately ________ of the average employment income of a worker with no more than a high school diploma
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Labour-market discrimination,which keeps one group of workers out of elite (E)occupations and limits them to ordinary (O)occupations,will have which of the following effects?
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If labour markets were perfectly competitive,
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The table below shows the labour demand and labour supply schedules in a competitive labour market. img TABLE 14-1 -Refer to Table 14-1.If the wage rate is $15 per hour,how many hours per month are supplied to this market but are not actually employed?
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The table below shows the labour demand and labour supply schedules in a competitive labour market. img TABLE 14-1 -Refer to Table 14-1.In a competitive labour market that clears,the equilibrium employment level would be
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In terms of human capital,which of the following is the best example of an inherited skill?
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One attempt to provide some minimum level of human capital for all citizens is a system of
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During recessions, individual investment in higher education typically ________ due to the relatively ________opportunity cost of time spent in university.
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One possible reason for wage differentials is that
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Labour-market discrimination results in a
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All of the following are classified as human capital EXCEPT
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Labour-market discrimination,which keeps one group of workers out of elite (E)occupations and limits them to ordinary (O)occupations,will have which of the following effects?
Multiple Choice
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