Statement 1: "Firms using internal labor market often appreciate the fact that their employees have incentive to make the firm look good and rarely publicly criticise it." Statement 2: "Employees in firms using internal labor markets often spend more time lobbying for promotions than do employee in firms that hire on the spot market." Statement 1 is true, but 2 is false Statement 2 is true, and 1 is false Both statements are true Both statements are false
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- What is die price commonly called in the labor market?The number of individuals who are selected for actual evaluation in the company for recruitment is called what? O A. Labor pool B. Labor force population O C. Labor market pool OD. Applicant poolQUESTION 6 When the marginal revenue product of labor (MRPL) is greater than the wage (W) then: O A. The firm should hire less labor to pay minimum O B. The firm should use more capital to increase the labor productivit OC The firm should demand more labors in order to get maximum profit O D. The firm should use less capital and more labors to wage pay minimum cost
- Giving each firm that hires one or more welfare workers a payment of $1.000 per year, irrespective of the number it hires, is likely to be O A. successful because firms hire workers such that the marginal revenue product of labor equals the marginal cost of labor, and this approach reduces the marginal cost of labor by $1,000 per worker, increasing employment O B. successful at increasing employment by one additional worker because firms hire workers such that the marginal revenue product of labor equals the marginal cost of labor, and this approach reduces the marginal cost of labor by $1,000 for the first worker hired. O C. unsuccessful at increasing employment because firms hire workers such that the marginal revenue product of labor equals the marginal cost of labor, and this approach does not affect the marginal cost of labor. O D. successful because firms hire workers such that the marginal revenue product of labor equals the marginal cost of labor, and this approach reduces the…12. If an employee suffers intense harassment and quits because of it, there is said to be: O a. harassment O b. constructive discharge O disparate treatment O d. retaliation 13. If an employment rule which on its face is neutral, has the effect of causing illegal discrimination, there is said to be a disparate impact. О а. True оь. False 14. There may be a defense of Select Jin. in a situation where an employer rewards on the basis of productivity and it happens to produce the appearance of discrimination in pay.Mary's employer is considering her for a firm-specific training program that will cost $4 per hour. Her current marginal revenue product is $20 per hour and will rise to $25 upon completion of the program. Of the following, Mary's training and posttraining wage, respectively, will most likely be O $20 and $25 O $16 and $25 O $20 and $ $21 O $16 and $21
- You are HR di, ector for a growing law firm in Tampa, Florida, which cu."ently has need of writing 30 legal briefs every hour. Each of your company's attorneys can write on average five briefs per hour. You are consid ring hiring four paralegals to shoulder the load; each pa alegal is a bit slower than the attorneys and can write on average only 2.5 briefs per hour. You scan the current wages in the Tampa area and notice that the attorneys in your company earn the local occupational median wage of $41.64 per hour, but that the prospective four paralegals will likely want to get paid their local occupational median wage of $23.66 per hour. a. Would /our company save money in the writing of the 30 legal briefs by hiring the four paralegals and firing some attorneys? b. The local Tampa Paralegal Union has observed that the Bureau of Labor Statistics projects that employment of paralegals over the next decade will rise considerably faster than the employment of lawyers…Mr. R is working from7:30 AM to 3:30PM including lunch break for 5 days every week in jewelry design shop. His main task is designing authentic men's jewelries. He agreed to be paid by piece rate of 15 OMR /design for 15 weeks. If his daily output is 10 designs, calculate total earnings. O ,050 OMR O 10,500 OMR O 750 OMR O 11,250 OMR Labor demand and supply of labor are external factors that impact compensation practices. If supply of labor is less than the labor demand, most employers offer to jobseekers. O Higher rate Going rate O Lower rate O Market rateSuppose that a profit maximizing firm hires labor in a perfectly competitive labor market. If the marginal revenue product of labor is less than the wage, the firm should Oa. both increase the wage rate and decrease the quantity of labor it hires. O b. decrease the wage rate. O c. both decrease the wage rate and increase the quantity of labor it hires. O d. decrease the quantity of labor it hires. O e. increase the quantity of labor it hires. O f. increase the wage rate.
- WAGE W₂ W₂ Figure 18-5 Refer to Figure 18-5. Which of the following would shift the labor supply curve from S₁ to S₂? O a. a decrease in the price of the firm's output O b. technological progress O c. a change in workers' attitudes toward the work-leisure tradeoff in favor of work O d. an increase in the price of the firm's output LABOR S₁ S₂ DemandWill discriminatory wage differentials persist or are they temporary? OA. If discrimination is due to government laws or the preferences of consumers, then the wage differentials will be permanent for as long as those laws or preferences persist. OB. If discrimination is due to government laws or the preferences of consumers, then the wage differentials will be temporary OC. If discrimination is due to government laws, then the wage differentials will be temporary. If discrimination is due to the preferences of consumers, then the wage differentials will be permanent for as long as those preferences persist. OD. If discrimination is due to government laws, then the wage differentials will be permanent for as long as those laws persist. If discrimination is due to the preferences of consumers, then the wage differentials will be temporary.Which of the following is true about economic discrimination? O A. Economic discrimination is illegal, but it is possible that employers ignore the law. O B. Economic discrimination is both legal and many employers engage in it. OC. Economic discrimination is illegal and, therefore, impossible. O D. Economic discrimination is legal, but few if any employers actually engage in it. Most economists believe that only part of the gap between the wages of white males and the wages of other groups is due to discrimination. Economists believe that some of the gap is explained by which of the following factors? O A. differing preferences for types of jobs O B. differences in education OC. differences in experience D. All of the above. Which of the following is part of the economic analysis of discrimination? O A. Employers who discriminate pay an economic penalty because very few workers are willing to work for an employer who discriminates. B. Employers who discriminate receive an economic…