2. In your own words, define the following concepts:

a. The economic definition of discrimination.

b. Wage discrimination

c. Occupational discrimination

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Vaishali YadavLv10

28 Sep 2019

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Related questions

Two economists agree that labor market discrimination against certain workers unfairly leads to lower wages for the disfavored group. Economist X argues that government intervention is most likely necessary to eliminate this unfair treatment, whereas Economist York argues that the best solution to the unfair treatment is to let the market work to eliminate it on its own.

Economist Y is most likely to be correct when labor and product markets are highly competitive and the lower wages of the disfavored group result from:

A. Differences in human capital
B. Statistical discrimination
C. Discrimination by employers.

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Suppose you are given data on a firm which indicates that the average wage of male employees is $15.00/hour and the average wage of female employees is $10.50/hour. Do the preceding data prove that the firm discriminates against women? What is the economic definition of discrimination? What kind of additional information would you need to determine whether such discrimination exists?

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QUESTION 21

Under the household production model, the full cost of any activity equals:

	A.	the cost of purchased inputs.
	B.	the opportunity cost of time
	C.	the sum of the cost of purchased inputs and the opportunity cost of time.
	D.	None of the above is correct.

2 points

QUESTION 22

Occupational segregation is more likely to explain the:

	A.	racial wage gaps than the gender wage gap.
	B.	gender wage gap than racial wage gaps.
	C.	Neither of the above is correct.

2 points

QUESTION 23

Employer discrimination imposes costs on:

	A.	the group that is the target of the discrimination.
	B.	employers that hire the discriminated against group.
	C.	Both of the above are correct.
	D.	None of the above is correct.