经济学原理对应练习 19.docx

经济学原理对应练习 19.docx

《经济学原理对应练习 19.docx》由会员分享，可在线阅读，更多相关《经济学原理对应练习 19.docx（96页珍藏版）》请在冰豆网上搜索。

经济学原理对应练习19

Chapter19

EarningsandDiscrimination

MultipleChoice

1.Adifferenceinwagesthatreflectsdifferencesinthenonpayfeaturesoftwojobsiscalled

a.acompensatingdifferential.

b.awageadjustment.

c.anefficiencywage.

d.aminimumwage.

ANS:

APTS:

1DIF:

1REF:

19-3

TOP:

CompensatingdifferentialsMSC:

Definitional

2.Adifferenceinwagesthatarisestooffsetthenonmonetarycharacteristicsofdifferentjobsisknownas

a.acompensatingdifferential.

b.aninefficiencywage.

c.theequilibriumdifference.

d.aunionwage.

ANS:

APTS:

1DIF:

1REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Definitional

3.Workinginaslaughterhouseismuchriskierandmoreunpleasantthanworkinginabookstore.Asaresult,we'dexpectadifferenceinwagesbetweenthetwojobs.Thedifferenceisknownas

a.anefficiencywage.

b.acompensatingdifferential.

c.awageadjustment.

d.aminimumwage.

ANS:

BPTS:

1DIF:

1REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Definitional

4.Theterm"compensatingdifferential"refersto

a.thefactthatworkerswhodosimilarworkshouldbepaidthesamewage.

b.thefactthatsomeworkerslivefurtherfromtheirjobsthandootherworkers.

c.awagedifferencethatisdistinguishableonthebasisofmonetarycharacteristics.

d.awagedifferencethatarisesfromnonmonetarycharacteristicsofdifferentjobs.

ANS:

DPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Definitional

5.Workerswhoworkthenightshiftareoftenpaidmorethanthosewhodoidenticalworkonthedayshift.Thisisreferredtoasa

a.discriminatorywagepractice.

b.compensatingdifferential.

c.wageinequity.

d.amarketinefficiency.

ANS:

BPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Definitional

6.Factoryworkerswhoworkthedayshiftearnlessperhourthansimilarly-skilledfactoryworkerswhoworkonthenightshift.Thedifferenceinpayisattributedto

a.themarginalproductoflabor.

b.themarginalproductofcapital.

c.diminishingmarginalreturns.

d.acompensatingdifferential.

ANS:

DPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Applicative

7.Thestatementthat"nightshiftworkersmakeahigherwagethandayshiftworkers"islikelytoreflectthefactthat

a.mostpeople'spreferenceistoworkthedayshift.

b.somepeopleprefertoworkanightshiftfornonmonetaryreasons.

c.nightshiftjobsaregenerallymoretechnicallydifficult.

d.morewomenthanmenworkthenightshift.

ANS:

APTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

8.Wagedifferencesthatcan'tbeexplainedbythenumberofyearsoftrainingarelikelytoresultfromfactorsassociatedwith

a.demandbutnotsupply.

b.supplybutnotdemand.

c.compensatingdifferentials.

d.conditionsofregulatedmarkets.

ANS:

CPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Definitional

9.Ifaworkerisindifferentbetweenajobwithawageof$12perhourandajobwithawageof$15perhour,thenthe

a.higher-payingjobenjoysacompensatingwagedifferentialof$3perhour.

b.higher-payingjobenjoysacompensatingwagedifferentialof$15perhour.

c.higher-payingjobisintrinsicallymoreattractivethanthelower-payingjob.

d.worker'spreferencesarenotrational.

ANS:

APTS:

1DIF:

1REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Definitional

10.Patrickisconsideringtwodifferentjobsinthesamecity-oneasabicyclecourierandtheotherasamailroomclerk.Bothrequireequivalenttraining.Hefindsneitherjobveryappealing,but,iftheypaythesamewagerate,Patrickwouldprefertoworkasamailroomclerk.InorderforPatricktofindthetwojobsequallyattractive,the

a.mailroomjobmustpayacompensatingwagedifferential.

b.mailroomjobmustpayanefficiencywage.

c.courierjobmustpayacompensatingwagedifferential.

d.courierjobmustpayanefficiencywage.

ANS:

CPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

11.Onaverage,electricianswhoworkondangeroushigh-voltagepowerlinesearnmoreperhourthansimilarlyskilledelectricianswhodon'tworkondangeroushigh-voltagepowerlines.Thedifferenceinpayisattributedto

a.themarginalproductoflabor.

b.themarginalproductofcapital.

c.diminishingmarginalreturns.

d.acompensatingdifferential.

ANS:

DPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Applicative

12.Thestatementthat"coalminersarepaidmorethanworkerswithsimilarlevelsofeducation"islikelytoreflectthefactthat

a.coalminingisadecliningindustry.

b.coalminingjobsarepotentiallymoredangerousthanjobswithcomparableeducationrequirements.

c.allcoalminesuseunionlabor.

d.coalexportsarerising.

ANS:

BPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

13.Thestatementthat"professorsarepaidlessthanlawyersdespitehavingsimilaramountsofeducation"islikelytoreflectmarketconditionssuchthat

a.educationisnotlikelytoberelatedtocompensation.

b.professorsreceivelowerwagesbecauseotheraspectsoftheirjobsaremorepleasant.

c.thejobsofdoctorsandlawyersprovidemorejobsatisfactionthanthejobsofprofessors.

d.Alloftheabovearecorrect.

ANS:

BPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

14.Thestatementthat"publicschoolteachersarepaidlessthanengineersdespitehavingsimilaramountsofeducation"islikelytoreflectmarketconditionssuchthat

a.engineeringclassesareuniversallylessdifficultthanareeducationclassesattheuniversity.

b.engineershavelowerintrinsicjobsatisfactionthanpublicschoolteachers.

c.wagediscriminationismorelikelyinmarketsforpublicschoolteachers.

d.thereisnocompensatingwagedifferentialthatappliestopublicschoolteachers.

ANS:

BPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

15.Otherthingsequal,aparticularjobwilllikelypayahigherwageifitinvolves

a.dangertotheworker.

b.personalenjoymentfortheworker.

c.intellectualstimulationfortheworker.

d.Alloftheabovearecorrect.

ANS:

APTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

16.ParkrangersatYellowstoneNationalParkareknowntohavelowwages.Thisisprobablybecause

a.parkrangersarerequiredtobecollegegraduates.

b.parkrangersdon'tneedmuchmoneytolive.

c.parkrangerjobsareperceivedtobedangerous.

d.parkrangerjobsareperceivedtobe"fun."

ANS:

DPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

17.Whichofthefollowingcomparisonsbestillustratesacompensatingdifferential?

a.John'swageishigherthanJane'sbecausethevalueofJohn'smarginalproductishigherthanJane's.

b.Beth'swageishigherthanBill'sbecauseBethisverypersonable,andBillisverygruff.

c.Karl'swageishigherthanKay'sbecauseKarl'sjobmaycauselong-termhealthproblems,andKay'sjobwillnotimpairherhealth.

d.Alloftheabovearegoodillustrationsofcompensatingdifferentials.

ANS:

CPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

18.Publicschoolteachersareknowntohavelowwages.Thisisprobablybecause

a.publicschoolteacherjobsareeasy.

b.publicschoolteachersarerequiredtobecollegegraduates.

c.publicschoolteachersneedverylittlemoneytolive.

d.manypeopleperceivethejobofpublicschoolteachertohaveahighelementofpersonalsatisfaction.

ANS:

DPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

19.Aplumberwhospecializesincleaningpluggedsewerlinesistypicallypaidahigherwagethanaplumberwhoworksoninstallingwatersystemsinnewresidentialhousing.Thiscanbepartiallyexplainedbythefactthat

a.plumberswhoworkwithsewerlinesrequireyearsofspecializedtraining.

b.plumbingjobsthatinvolvesewerlinesarelikelytohaveanelementofpersonalsatisfaction.

c.plumberswhoworkwithsewerlinesaremorelikelytoworkastandardshift.

d.plumberswhoworkwithsewerlinesarelikelytobeperceivedashavinga"dirty"job.

ANS:

DPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

20.ThejobofnightwatchmanatthePunxsutawnyPhilGroundhogmuseumisknowntohaveahighwage.Thiscanbepartiallyexplainedbythefactthatthejobislikelyto

a.requirespecializedskills.

b.bedifficult.

c.beincrediblydull.

d.carryahighdegreeofpersonalsatisfaction.

ANS:

CPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

21.Professionalunderwaterdiversareknowntohavehighwagesandworkanaverageofonly20hoursperweek.Thehighwagesarepartiallyexplainedbythefactthatthejobislikely

a.tobeverydull.

b.tobefun.

c.tobeverydangerous.

d.torequireacollegedegree.

ANS:

CPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

22.Assumingthatallotherthingsareequal,includingthewage,whichofthefollowingstatementsiscorrect?

a.Thequantityoflaborsuppliedforeasyjobsexceedsthatfordifficultjobs.

b.Thequantityoflaborsuppliedforfunjobsexceedsthatfordulljobs.

c.Thequantityoflaborsuppliedforsafejobsexceedsthatfordangerousjobs.

d.Alloftheabovearecorrect.

ANS:

DPTS:

1DIF:

2REF:

19-1

TOP:

CompensatingdifferentialsMSC:

Interpretive

23.Taxicabdriversinlargecitiesarelikelytoearnmorethantaxicabdriversinruralareas.Onereasonforthiswagedifferentialcouldbethat

a.drivinginlargecitiesismoredangerousthandrivinginruralareas.

b.drivinginlargecitiesismorefunthandrivin