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Business Help

In: Computers and Technology

Submitted By alaa669
Words 10412
Pages 42
CHAPTER 28
Wage Determination

Topic Question numbers
___________________________________________________________________________________________________

1. Real and nominal wage rates; trends 1-11
2. Purely competitive labor markets 12-46
3. Monopsony and imperfectly competitive labor markets 47-85
4. Union models and licensure 86-122
5. Minimum wage 123-130
6. Wage differentials; human capital 131-148
7. Pay and performance 149-162 Consider This 163-164 Last Word 165-167 True-False 168-184
___________________________________________________________________________________________________

Multiple Choice Questions

Real and nominal wage rates; trends

Type: F Topic: 1 E: 523 MI: 279 1. Real wages in the United States in the long run: A) show no discernible relationship to output per worker. B) have increased at about the same rate as increases in output per worker. C) have increased slower than increases in output per worker. D) have increased faster than increases in output per worker.
Answer: B

Type: F Topic: 1 E: 523 MI: 279 2. The long-run trend of real wages: A) cannot be determined from available data on nominal wages and the price level. B) has been downward because the price level has risen faster than nominal wages. C) has been upward. D) has been downward because labor's share of the domestic income has fallen.
Answer: C

Type: A Topic: 1 E: 521-522 MI: 277-278 3. If the nominal wages of carpenters rose by 5 percent in 2000 and the price level increased by 3 percent, then the real wages of carpenters: A) decreased by 2 percent. C) increased by 3 percent. B) increased by 2 percent. D) increased by 8 percent.
Answer: B

Type: A Topic: 1 E: 523 MI: 279 4. Over the long run, real earnings per worker can

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