Question

QUESTION 5

1. The U.S. military frequently pays enlistment bonuses to new recruits when they sign on for service, which is typically before the new recruits report for duty. An enlistment bonus is an example of

   		front-loading pay
   		back-loading pay
   		excessive turnover
   		excessive turnover

2 points   

QUESTION 6

1. The tuition rate jumps from $0 to $8,000 per grade. As a result,

   		the quantity demanded of schooling falls as a movement up the schooling demand curve
   		the demand for schooling falls
   		wages grow with schooling at a slower rate
   		people stay in school longer

2 points   

QUESTION 7

1. Over the last 15 years the full-employment rate of employment seems to be moving downward. Which of the following changes are consistent with this movement?

   		A decrease in the share of teenagers in the labor force
   		A decrease in the share of blacks in the labor force
   		An increase in the share of women in the labor force
   		All of these are correct.

2 points   

QUESTION 8

1. Incentive pay based on the success of the group is more likely when

   		workers are risk averse.
   		output is produced by employees working interdependently in teams.
   		the group is prone to the free-rider problem.
   		all of these are correct

Answer 1

Answer 5 - option B is the correct answer

Reason - back loading pay means agreement to pay more benefits if the offer is accept hence enlishment bonus is an example of back loading pay

Answer 6 - option B is the correct answer

Reason - increase in tution fees will reduce the number kf students due to which demand for schooling will decrease.

Answer 17 - option D Is the correct answer

Reason - effect of change in full employment rate in employment will not be there in any of the option given above

Answer 18 - option B is correct

Reason - when output produced by the workers producing independently can be given incentive pay on the basis of success of the groups