经济学原理对应练习19.doc

经济学原理对应练习19.doc

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Chapter19/EarningsandDiscriminationv857

Chapter19

EarningsandDiscrimination

MultipleChoice

1. Adifferenceinwagesthatreflectsdifferencesinthenonpayfeaturesoftwojobsiscalled

a. acompensatingdifferential.

b. awageadjustment.

c. anefficiencywage.

d. aminimumwage.

ANS:

A PTS:

1 DIF:

1 REF:

19-3

TOP:

Compensatingdifferentials MSC:

Definitional

2. Adifferenceinwagesthatarisestooffsetthenonmonetarycharacteristicsofdifferentjobsisknownas

a. acompensatingdifferential.

b. aninefficiencywage.

c. theequilibriumdifference.

d. aunionwage.

ANS:

A PTS:

1 DIF:

1 REF:

19-1

TOP:

Compensatingdifferentials MSC:

Definitional

3. Workinginaslaughterhouseismuchriskierandmoreunpleasantthanworkinginabookstore.Asaresult,we'dexpectadifferenceinwagesbetweenthetwojobs.Thedifferenceisknownas

a. anefficiencywage.

b. acompensatingdifferential.

c. awageadjustment.

d. aminimumwage.

ANS:

B PTS:

1 DIF:

1 REF:

19-1

TOP:

Compensatingdifferentials MSC:

Definitional

4. Theterm"compensatingdifferential"refersto

a. thefactthatworkerswhodosimilarworkshouldbepaidthesamewage.

b. thefactthatsomeworkerslivefurtherfromtheirjobsthandootherworkers.

c. awagedifferencethatisdistinguishableonthebasisofmonetarycharacteristics.

d. awagedifferencethatarisesfromnonmonetarycharacteristicsofdifferentjobs.

ANS:

D PTS:

1 DIF:

2 REF:

19-1

TOP:

Compensatingdifferentials MSC:

Definitional

5. Workerswhoworkthenightshiftareoftenpaidmorethanthosewhodoidenticalworkonthedayshift.Thisisreferredtoasa

a. discriminatorywagepractice.

b. compensatingdifferential.

c. wageinequity.

d. amarketinefficiency.

ANS:

B PTS:

1 DIF:

2 REF:

19-1

TOP:

Compensatingdifferentials MSC:

Definitional

6. Factoryworkerswhoworkthedayshiftearnlessperhourthansimilarly-skilledfactoryworkerswhoworkonthenightshift.Thedifferenceinpayisattributedto

a. themarginalproductoflabor.

b. themarginalproductofcapital.

c. diminishingmarginalreturns.

d. acompensatingdifferential.

ANS:

D PTS:

1 DIF:

2 REF:

19-1

TOP:

Compensatingdifferentials MSC:

Applicative

7. Thestatementthat"nightshiftworkersmakeahigherwagethandayshiftworkers"islikelytoreflectthefactthat

a. mostpeople'spreferenceistoworkthedayshift.

b. somepeopleprefertoworkanightshiftfornonmonetaryreasons.

c. nightshiftjobsaregenerallymoretechnicallydifficult.

d. morewomenthanmenworkthenightshift.

ANS:

A PTS:

1 DIF:

2 REF:

19-1

TOP:

Compensatingdifferentials MSC:

Interpretive

8. Wagedifferencesthatcan'tbeexplainedbythenumberofyearsoftrainingarelikelytoresultfromfactorsassociatedwith

a. demandbutnotsupply.

b. supplybutnotdemand.

c. compensatingdifferentials.

d. conditionsofregulatedmarkets.

ANS:

C PTS:

1 DIF:

2 REF:

19-1

TOP:

Compensatingdifferentials MSC:

Definitional

9. Ifaworkerisindifferentbetweenajobwithawageof$12perhourandajobwithawageof$15perhour,thenthe

a. higher-payingjobenjoysacompensatingwagedifferentialof$3perhour.

b. higher-payingjobenjoysacompensatingwagedifferentialof$15perhour.

c. higher-payingjobisintrinsicallymoreattractivethanthelower-payingjob.

d. worker'spreferencesarenotrational.

ANS:

A PTS:

1 DIF:

1 REF:

19-1

TOP:

Compensatingdifferentials MSC:

Definitional

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

a. mailroomjobmustpayacompensatingwagedifferential.

b. mailroomjobmustpayanefficiencywage.

c. courierjobmustpayacompensatingwagedifferential.

d. courierjobmustpayanefficiencywage.

ANS:

C PTS:

1 DIF:

2 REF:

19-1

TOP:

Compensatingdifferentials MSC:

Interpretive

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

a. themarginalproductoflabor.

b. themarginalproductofcapital.

c. diminishingmarginalreturns.

d. acompensatingdifferential.

ANS:

D PTS:

1 DIF:

2 REF:

19-1

TOP:

Compensatingdifferentials MSC:

Applicative

12. Thestatementthat"coalminersarepaidmorethanworkerswithsimilarlevelsofeducation"islikelytoreflectthefactthat

a. coalminingisadecliningindustry.

b. coalminingjobsarepotentiallymoredangerousthanjobswithcomparableeducationrequirements.

c. allcoalminesuseunionlabor.

d. coalexportsarerising.

ANS:

B PTS:

1 DIF:

2 REF:

19-1

TOP:

Compensating