Question

1.1.Evaluate each of the following statements based on your knowledge of economic theory. You should state...

1.1.Evaluate each of the following statements based on your knowledge of economic theory. You should state whether you agree or disagree. Cite economic theory -- not hypothesis testing or anything based on the data -- to support your expectation. In this case, you should be drawing on theories about labor demand and supply, and the marginal (revenue) product of labor and labor market conditions.

a) Females have different years of education from men on average.

b) Females earn lower wages on average than males.

c) Black individuals earn lower wages on average than the general population.

d) Married individuals earn higher wages on average than unmarried individuals.

e) Older individuals earn wages that are higher than younger individuals.

Homework Answers

Answer #1

a) Females have different years of education from men on average.

I disagree with this statement.

b) b) Females earn lower wages on average than males.

I agree with this statement. Females are paid lower wages than males due to gender discrimination.

c) Black individuals earn lower wages on average than the general population.

I disagree with this statement. It is only true where racism based on color, caste etc. is practiced.

d) Married individuals earn higher wages on average than unmarried individuals.

I disgree with this statement. There is no relationship between marriage and labor wages.

e) Older individuals earn wages that are higher than younger individuals.

I disagree with this statement. There is no relationship between age and labor wages. However, highly experienced labor have higher wages than low experience workers.

If you have any doubts please comment...

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
For each of the following statements, do you agree or disagree? Why? A. Economic theory predicts...
For each of the following statements, do you agree or disagree? Why? A. Economic theory predicts unequivocally that a payroll tax reduction will increase the supply of labor B. Corporate income taxes levied on a monopolist are likely to be regressive because the monopoly can pass on its burden to consumers C. If labor supply is relatively elastic, the burden of a payroll tax falls largely on workers
Question 20 (1 point) Internationally, active life expectancy is highest for males and females in: Question...
Question 20 (1 point) Internationally, active life expectancy is highest for males and females in: Question 20 options: 1) Austria. 2) France. 3) the Netherlands. 4) Switzerland. Save Question 21 (1 point) According to physician Elizabeth Kubler-Ross, the last stage in the five stages of dying is _____. Question 21 options: 1) anger 2) bargaining 3) acceptance 4) depression Save Question 22 (1 point) In what stage of Elizabeth Kubler-Ross's five stages of dying does a person promise good behavior...
2. This question refers to the article: Fed raises interest rates, signals 2 more hikes in...
2. This question refers to the article: Fed raises interest rates, signals 2 more hikes in 2018 Akin Oyedele Mar. 21, 2018, 2:00 PM 16,032     The Federal Reserve announced Wednesday that it raised its benchmark interest rate by 25 basis points, to a range of 1.50% to 1.75%.     Over the next few weeks, this increase will affect credit cards, adjustable-rate mortgages, car loans, and other credit lines that don't have fixed rates.     The Fed still expects to...
DIRECTIONS: This is an open book, take home examination. You may look up the answers and...
DIRECTIONS: This is an open book, take home examination. You may look up the answers and discuss them, if you wish. The Multiple Choice questions will be worth 1 point each and the essay questions will be worth 25 points each. This examination is over Chapters 6 through 9. MULTIPLE CHOICE: 1. During Piaget's concrete operational stage, children a. are more egocentric than they were during the preoperational period. b. often confuse appearances with reality. c. are unable to reverse...
Team 5 answer the questions What are 4 key things you learned about the topic from...
Team 5 answer the questions What are 4 key things you learned about the topic from reading their paper? How does the topic relate to you and your current or past job? Critique the paper in terms of the organization and quality. Incentive Systems             In this paper, we will focus primarily on financial rewards that companies use to attract, retain and motivate the brightest and most talented candidates in the labor market. By providing a reward system that...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
What strategy would you recommend for Dove (1) in responding (or in not responding) to consumers...
What strategy would you recommend for Dove (1) in responding (or in not responding) to consumers and (2) going forward (or not going forward) with the campaign? If they were to go forward with this campaign, should Dove revise its Real Beauty message and if, so, how? The Dove Real Beauty Campaign In 2004, with sales at approximately $2.5 billion, Dove saw an opportunity to tap into women’s self-perceptions of beauty to address female insecurities while building a connection between...
read Seasons of Love chapter:measuring a child's life after suicide. please answer the questions : reflect...
read Seasons of Love chapter:measuring a child's life after suicide. please answer the questions : reflect on what happens to the families when there is a suicide in the family, based on the Seasons of Love chapter...how should people be told? What details are best left unshared? below is the story These theories may have a certain face-validity, but they often neglect environmental or contextual factors that are innate to answering the question of “why” a person might engage in...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...