经济学原理对应练习19Word下载.doc

经济学原理对应练习19Word下载.doc

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Compensatingdifferentials MSC:

Definitional

2. Adifferenceinwagesthatarisestooffsetthenonmonetarycharacteristicsofdifferentjobsisknownas

b. aninefficiencywage.

c. theequilibriumdifference.

d. aunionwage.

19-1

3. Workinginaslaughterhouseismuchriskierandmoreunpleasantthanworkinginabookstore.Asaresult,we'

dexpectadifferenceinwagesbetweenthetwojobs.Thedifferenceisknownas

a. anefficiencywage.

b. acompensatingdifferential.

c. awageadjustment.

B PTS:

4. Theterm"

compensatingdifferential"

refersto

a. thefactthatworkerswhodosimilarworkshouldbepaidthesamewage.

b. thefactthatsomeworkerslivefurtherfromtheirjobsthandootherworkers.

c. awagedifferencethatisdistinguishableonthebasisofmonetarycharacteristics.

d. awagedifferencethatarisesfromnonmonetarycharacteristicsofdifferentjobs.

D PTS:

2 REF:

5. Workerswhoworkthenightshiftareoftenpaidmorethanthosewhodoidenticalworkonthedayshift.Thisisreferredtoasa

a. discriminatorywagepractice.

b. compensatingdifferential.

c. wageinequity.

d. amarketinefficiency.

6. Factoryworkerswhoworkthedayshiftearnlessperhourthansimilarly-skilledfactoryworkerswhoworkonthenightshift.Thedifferenceinpayisattributedto

a. themarginalproductoflabor.

b. themarginalproductofcapital.

c. diminishingmarginalreturns.

d. acompensatingdifferential.

Applicative

7. Thestatementthat"

nightshiftworkersmakeahigherwagethandayshiftworkers"

islikelytoreflectthefactthat

a. mostpeople'

spreferenceistoworkthedayshift.

b. somepeopleprefertoworkanightshiftfornonmonetaryreasons.

c. nightshiftjobsaregenerallymoretechnicallydifficult.

d. morewomenthanmenworkthenightshift.

Interpretive

8. Wagedifferencesthatcan'

tbeexplainedbythenumberofyearsoftrainingarelikelytoresultfromfactorsassociatedwith

a. demandbutnotsupply.

b. supplybutnotdemand.

c. compensatingdifferentials.

d. conditionsofregulatedmarkets.

C PTS:

9. Ifaworkerisindifferentbetweenajobwithawageof$12perhourandajobwithawageof$15perhour,thenthe

a. higher-payingjobenjoysacompensatingwagedifferentialof$3perhour.

b. higher-payingjobenjoysacompensatingwagedifferentialof$15perhour.

c. higher-payingjobisintrinsicallymoreattractivethanthelower-payingjob.

d. worker'

spreferencesarenotrational.

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

a. mailroomjobmustpayacompensatingwagedifferential.

b. mailroomjobmustpayanefficiencywage.

c. courierjobmustpayacompensatingwagedifferential.

d. courierjobmustpayanefficiencywage.

11. Onaverage,electricianswhoworkondangeroushigh-voltagepowerlinesearnmoreperhourthansimilarlyskilledelectricianswhodon'

tworkondangeroushigh-voltagepowerlines.Thedifferenceinpayisattributedto

12. Thestatementthat"

coalminersarepaidmorethanworkerswithsimilarlevelsofeducation"

a. coalminingisadecliningindustry.

b. coalminingjobsarepotentiallymoredangerousthanjobswithcomparableeducationrequirements.

c. allcoalminesuseunionlabor.

d. coalexportsarerising.

13. Thestatementthat"

professorsarepaidlessthanlawyersdespitehavingsimilaramountsofeducation"

islikelytoreflectmarketconditionssuchthat

a. educationisnotlikelytoberelatedtocompensation.

b. professorsreceivelowerwagesbecauseotheraspectsoftheirjobsaremorepleasant.

c. thejobsofdoctorsandlawyersprovidemorejobsatisfactionthanthejobsofprofessors.

d. Alloftheabovearecorrect.

14. Thestatementthat"

publicschoolteachersarepaidlessthanengineersdespitehavingsimilaramountsofeducation"

a. engineeringclassesareuniversallylessdifficultthanareeducationclassesattheuniversity.

b. engineershavelowerintrinsicjobsatisfactionthanpublicschoolteachers.

c. wagediscriminationismorelikelyinmarketsforpublicschoolteachers.

d. thereisnocompensatingwagedifferentialthatappliestopublicschoolteachers.

15. Otherthingsequal,aparticularjobwilllikelypayahigherwageifitinvolves

a. dangertotheworker.

b. personalenjoymentfortheworker.

c. intellectualstimulationfortheworker.

16. ParkrangersatYellowstoneNationalParkareknowntohavelowwages.Thisisprobablybecause

a. parkrangersarerequiredtobecollegegraduates.

b. parkrangersdon'

tneedmuchmoneytolive.

c. parkrangerjobsareperceivedtobedangerous.

d. parkrangerjobsareperceivedtobe"

fun."

17. Whichofthefollowingcomparisonsbestillustratesacompensatingdifferential?

a. John'

swageishigherthanJane'

sbecausethevalueofJohn'

smarginalproductishigherthanJane'

s.

b. Beth'

swageishigherthanBill'

sbecauseBethisverypersonable,andBillisverygruff.

c. Karl'

swageishigherthanKay'

sbecauseKarl'

sjobmaycauselong-termhealthproblems,andKay'

sjobwillnotimpairherhealth.

d. Alloftheabovearegoodillustrationsofcompensatingdifferentials.

18. Publicschoolteachersareknowntohavelowwages.Thisisprobablybecause

a. publicschoolteacherjobsareeasy.

b. publicschoolteachersarerequiredtobecollegegraduates.

c. publicschoolteachersneedverylittlemoneytolive.

d. manypeopleperceivethejobofpublicschoolteachertohaveahighelementofpersonalsatisfaction.

19. Aplumberwhospecializesincleaningpluggedsewerlinesistypicallypaidahigherwagethanaplumberwhoworksoninstallingwatersystemsinnewresidentialhousing.Thiscanbepartiallyexplainedbythefactthat

a. plumberswhoworkwithsewerlinesrequireyearsofspecializedtraining.

b. plumbingjobsthatinvolvesewerlinesarelikelytohaveanelementofpersonalsatisfaction.

c. plumberswhoworkwithsewerlinesaremorelikelytoworkastandardshift.

d. plumberswhoworkwithsewerlinesarelikelytobeperceivedashavinga"

dirty"

job.

20. ThejobofnightwatchmanatthePunxsutawnyPhilGroundhogmuseumisknowntohaveahighwage.Thiscanbepartiallyexplainedbythefactthatthejobislikelyto

a. requirespecializedskills.

b. bedifficult.

c. beincrediblydull.

d. carryahighdegreeofpersonalsatisfaction.

21. Professionalunderwaterdiversareknowntohavehighwagesandworkanaverageofonly20hoursperweek.Thehighwagesarepartiallyexplainedbythefactthatthejobislikely

a. tobeverydull.

b. tobefun.

c. tobeverydangerous.

d. torequireacollegedegree.

22. Assumingthatallotherthingsareequal,includingthewage,whichofthefollowingstatementsiscorrect?

a. Thequantityoflaborsuppliedforeasyjobsexceedsthatfordifficultjobs.

b. Thequantityoflaborsuppliedforfunjobsexceedsthatfordulljobs.

c. Thequantityoflaborsuppliedforsafejobsexceedsthatfordangerousjobs.

23. Taxicabdriversinlargecitiesarelikelytoearnmorethantaxicabdriversinruralareas.Onereasonforthiswagedifferentialcouldbethat

a. drivinginlargecitiesismoredangerousthandrivinginruralareas.

b. drivinginlarge