Can16L2

  • 1

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    The _______ distance between the demand curve for low-skilled workers and the demand curve for high-skilled workers is the _______.

    vertical; compensation for cost of acquiring skill
    horizontal; marginal revenue product of skill
    vertical; marginal revenue product of skill
    horizontal; compensation for cost of acquiring skill

  • 2

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    The greater Marg's human capital, _____________________.

    the less education and on-the-job training she requires
    the more competent is she with computers
    the greater is her marginal revenue product
    the less costly is it for her to acquire skills

  • 3

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    A closed shop is an arrangement in which __________________.

    a lockout has occurred
    only nonunion workers can be employed by a firm
    only union workers can be employed by a firm
    the employers will not allow a union to enter the firm

  • 4

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    A labour union increases wages by ______________________.

    using binding arbitration
    having lockouts
    restricting the supply of labour and trying to increase the demand for labour
    restricting the demand for labour and trying to restrict the supply of labour

  • 5

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    In a monopsony labour market, the employer hires the quantity of labour where the marginal _______ of labour equals the marginal _______ of labour.

    revenue; cost
    cost; product
    cost; revenue product
    product; revenue product

  • 6

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    In a bilateral monopoly, the wage rate will be _______ the _______ is the monopsony.

    closer to the union rate; stronger
    higher; stronger
    lower; stronger
    lower; weaker

  • 7

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    Most of the immigrants into Canada come from ______________.

    America
    Europe
    Asia
    Africa

  • 8

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    On the average, Canadian women under the age of 25 years earn __________ of men's earnings.

    between 60 percent and 70 percent
    61.5 percent
    more than 80 percent
    69.6 percent

  • 9

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    When immigrants come to Canada, the wage rate _______ in Canada and _______ in their native country, but any movement is small.

    remains constant; rises
    rises; falls
    falls; rises
    falls; remains constant

  • 10

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    Pay equity laws create _______ in the jobs on which the market places a lower value and _______ in the jobs on which the market places a higher value.

    unemployment; labour shortages
    labour shortages; unemployment
    equilibrium; labour shortages
    unemployment; equilibrium

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