What effect would this change have on the wages in the two, Ask an Expert

Economics

The question is that suppose that all young women were channeled into careers as secretaries, nurses, and teachers; at the same time, young men were encouraged to consider these three carrers and many others as well..

A. Draw a diagram showing the combined abor market for secretaries, nurses, and teachers. Draw a diagram showing the combined labor market for all other fields. In which market is the wage higher? DO men or women receive higher wages on average?

B. Now suppose that soceity changed and encouraged both yung women and young men to condisder a wide range of carrers. Over time, what effect would this change have on the wages in the two markets you illustrated in part (a)? what effect would the change have on the average wages of men and women?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9447412

Have any Question?Write your Review or question?

Related Questions in Business Economics

Of the people who fished at clearwater park today 45 had a

Of the people who fished at Clearwater Park today, 45 had a fishing license, and 5 did not. Of the people who fished at Mountain View Park today, 36 had a license, and 4 did not. (No one fished at both parks.) Suppose th ...

What is the difference between a linear quadratic and cubic

What is the difference between a linear, quadratic, and cubic regression analysis? Please provide a reference.

A representative from your company visited a prison and

A representative from your company visited a prison and sampled 500 prisoners in Kailil, concluding that 90 of them are political prisoners. The Test hypothesis, at the 5% significance level, that one third of the prison ...

The twin crises what are the causes of banking and

The Twin Crises: what are the Causes of Banking and Balance-of-Payments Problems?

Let x denote the number of spots on a single throw of a

Let X denote the number of spots on a single throw of a fair 6-sided die. Find the mean, variance, and standard deviation of X. If you can, relate the mean and variance to the mean and variance. the possible values on th ...

It is often argued that regulation is justified in cases

It is often argued that regulation is justified in cases where some form of market failure would otherwise cause an inefficient allocation of resources. Can someone help me identify possible sources of market failure tha ...

The number of phone calls that arrive at a phone exchange

The number of phone calls that arrive at a phone exchange is often modeled as a Poisson random variable. Assume that on average there are 7 calls per hour. Show all work. a) Find the probability that there are exactly f ...

Investors are evaluating two 6-year bonds at time t in a

Investors are evaluating two 6-year bonds at time t in a financial crisis setting where there is a strong likelihood of default. Assume the following values for the probability of default (z) of the two bonds, issued res ...

Joe works at a grocery store he found that weights of

Joe works at a grocery store. He found that weights of potatoes in sacks are normally distributed with mean = 150 grams and standard deviation of 2 grams. When he randomly chooses four potatoes and measures the weight, w ...

Answer in true or false1 compensation of employees is the

Answer in true or False: 1) Compensation of employees is the largest component of national income. 2) National income is the income that individuals and firms earn from their production.

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert