Q1. Which of the following is not a possible explanation as to why wage inequality increased markedly over the last 40 years in the United States?
Q2. Compared to offering no unemployment benefits, the unemployment insurance system of the United States probably
Q3. How does the asking wage depend on the unemployment insurance system in the United States?
Q4. A firm that finds it extremely expensive to monitor the output of each worker will likely pay its workers
Q5. Which of the following is not a true statement regarding the incentives of different pay structures impose on workers?
Q6. Under a piece rate pay scheme where all workers face different upward-sloped marginal cost curves for providing effort:
Q7. Which of the following is typically not a possible disadvantage of a tournament?
Q8. What happens to the piece rate if there is a ratchet effect?
Q9. What does it mean to conduct a sequential search?
Q10. What is required for a person to collect unemployment insurance in the United States?
Q11. Why is frictional unemployment considered to be productive?
Q12. Piece rates would work best for which of the following occupations?
Q13.Under a piece rate pay scheme where all workers face different upward-sloped marginal cost curves for providing effort:
Q14. Which of the following is a sign of a well-functioning labour market?
Q15. Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration?