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Question
Suppose a worker's earnings are governed by w = 8· ln (1 + s) and r = 5. Given the unemployment rate with 7 of 16 workers unemployed, what is the optimal level of schooling?a. 4 years
b. 5 years
c. 6 years
d. 7 years
e. 9 years
Answer
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Related questions
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Which of the following is a true statement about trends in the U.S. labor force between 1950 and 2000?a. The male labor force participation rate has increased steadily.b. The unemployment rate peaked during the Carter administration (1976-1980).c. The female labor force participation rate has declined.d. The increase in the labor force participation rate was caused by women joining the labor force.e. The size of the labor force has not grown much over the past 50 years.
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Which of the following is not a true statement about the Consumer Price Index (CPI)?
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a. individuals over the age of 16 who can work but currently are not looking for a job
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d. individuals over the age of 16 who are not working but are looking for a job
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If one small restaurant decreases its demand for cooks, then
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Q:
Given the information just provided, which of the following statements is true?
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Q:
What is the equilibrium level of employment?
a. 7
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Q:
Which of the following is NOT a reason that the real value of the minimum wage fluctuates considerably over time?
a. Sporadic changes to the nominal minimum wage.
b. Inconsistent enforcement of minimum wage legislation.
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Q:
______ in the minimum wage could discourage schooling investments by making education ______ attractive relative to work.
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In an economy with two distinct sectors, the imposition of a minimum wage above the competitive equilibrium wage in one of those sectors will:
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In an economy with two distinct sectors, the imposition of a minimum wage above the competitive equilibrium wage in one of those sectors will NOT:
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In practice, the ______ of the minimum wage is usually ______.
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b. Monopoly
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When there are compensating wage differentials,
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If a firm makes adjustments to create a safer working environment, then
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d. the firm is no longer maximizing profits.
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b. Pareto optimality
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Q:
Suppose the government decreases the federal income tax. What happens to the labor market equilibrium?
a. The labor demand schedule shifts downward.
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Q:
Fewer women are taking time off to raise their children. What does this imply about their labor market activities?
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b. Women will acquire less on-the-job training and earn more their lifetime.
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Q:
Suppose a worker receives firm specific training, but his wages do not increase afterward. Why?
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Q:
Suppose a worker can earn $25,000. He obtains specific training, raising his value by $10,000. If the worker can negotiate after the training, which of the following may be his wage?
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b. $20,000
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Q:
What problem does turnover create for firm specific training?
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Q:
A worker's wage increases over the course of her career for which type of training?
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Q:
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a. general, specific
b. general, general
c. specific, general
d. specific, specific
e. informal, formal
Q:
Specific training is:
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b. training that is only useful for one firm.
c. training that always occurs on site.
d. training that is always planned and off site.
e. training that is always gained through information conversations.
Q:
General training is:
a. training that raises a worker's productivity at all firms.
b. training that is only useful for one firm.
c. training that always occurs on site.
d. training that is always planned and off site.
e. training that is always gained through information conversations.
Q:
According to the human-capital investment framework,
a. higher ability workers choose to invest more in human capital.
b. education increases productivity, which increases wages.
c. education does not affect productivity.
d. education affects wages by indicating a worker has more innate abilities.
e. workers who choose to attend college are not maximizing their expected lifetime earnings.
Q:
If capital markets are imperfect, high borrowing costs the acquisition of human capital but the rate of return.
a. encourage, increase
b. encourage, depress
c. remain the same, depress
d. discourage, increase
e. discourage, decrease
Q:
The future earnings of an individual at a rate.
a. increase, constant
b. increase, increasing
c. increase, decreasing
d. decrease, constant
e. decrease, decreasing
Q:
Human capital includes all of the following except
a. learning how to use a new type of software.
b. obtaining an MBA to improve the possibility an individual gets a job in management.
c. moving from a rural area to a city where there are more jobs.
d. purchasing a new computer.
e. quitting smoking in order to improve a person's health.