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violin13 violin13
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4 years ago

Question 1.

Paying a person a lower wage or excluding a person from an occupation on the basis of an irrelevant characteristic such as race or gender



▸

is economic discrimination.



▸

can be explained by negative feedback loops.



▸

creates differences in wages that economists call "compensating differentials."



▸

violates federal comparable worth laws.



Question 2.

Larry and Mike are equally skilled construction workers employed by the Brown and Root Company. Larry's job is riskier because he typically works on a scaffold 1,000 feet above ground. Larry's higher wage rate is the result of



▸

a higher marginal revenue product.



▸

economic discrimination.



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a compensating differential.



▸

a negative feedback loop.

Textbook 
InMicro

InMicro


Edition: 1st
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Cass S.Cass S.
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violin13 Author
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Thank you, thank you, thank you!
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