econ final 5

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  1. Technologies that substitutes _____ labor-saving labor-discarding labor-complementary ___
    existing labor inputs are known as , technologies.
  2. With this type of technological​ change, the marginal productivity of existing labor inputs will
    decrease
  3. What do you think explains this wage​ differential?
    • The economic output of athletes like robert griffin 
    •  
  4. _____ occurs when​ people's preferences cause them to discriminate against a certain group.
    Taste-based discrimination
  5. _____  Occurs when expectations cause people to discriminate against a certain group.
    Statistical discrimination
  6. The owner of a company that manufactures automobile parts states that it will not hire youthful employees.This is an example of
    Statistical discrimination
  7. Which of the following is not an important determinant of wage inequality within an​ economy?
    Differences in connections to influential people.
  8. Compensating wages are the wage premiums​ ___________.
    paid to attract workers to occupations to otherwise undesirable jobs.
  9. Which of the following is not one of the sources of natural market​ power?
    owning a firm in a small community
  10. Which of the following best describes network​ externalities?
    They occur when a​ product's value increases as more consumers begin to use it.

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Author:
dwrght16
ID:
331071
Filename:
econ final 5
Updated:
2017-05-03 04:08:37
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econ
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