11 May WHAT IS FEATHERBEDDING AND WHY DO UNIONS ENGAGE IN THE PRACTICE?
Why do college graduates earn higher wages than non-graduates?
96)
What is featherbedding and why do unions engage in the practice?
97)
Explain why featherbedding may or may not increase the demand for labor.
98)
Explain possible benefits of labor unions.
10.4 The Distribution of Income
1)
Suppose that we compare shares of income earned by different U.S. groups by
dividing all households into five groups. Which of the following statements
about the income distribution in the United States is correct?
A)
Shares of income remain roughly constant as we move from the lowest quintile to
the highest quintile.
B)
Shares of income decrease as we move from the lowest quintile to the highest
quintile.
C)
Shares of income increase as we move from the lowest quintile to the highest
quintile.
D)
none of the above
2)
Which of the following is a main factor that explains the differences in the
incomes of U.S. households?
A)
inheritances
B)
luck and misfortune
C)
discrimination
D)
all of the above
3)
Which of the following is the most important reason for growing inequality in
the income distribution in the United States.?
A)
an increase in demand for highly educated workers
B)
inheritances
C)
discrimination
D)
a steady increase in tuition and fees for a college education
4)
Which of the following explains the impact of technological advances on the
wage gap between less skilled workers and highly skilled workers?
A)
Advances in technology have increased the demand for higher education degrees
and widened the wage gap between the two groups.
B)
Advances in technology have increased the productivity of less skilled workers
and thus narrowed the wage gap between the two groups.
C)
Advances in technology have increased the demand for less skilled workers and
highly skilled workers alike, and thus the wage gap between the two groups
remains unchanged.
D)
none of the above
5)
Which of the following explains the impact of the expansion of international
trade on the demand for less skilled workers in the United States?
A)
An increase in international trade has increased the demand for less skilled
workers.
B)
An increase in international trade has decreased the demand for less skilled
workers.
C)
An increase in international trade has had little impact on the demand for less
skilled workers.
D)
The impact of the expansion of international trade on the demand for less skilled
workers in the United States varies from year to year.
Recall
the Application about who benefits from the immigration of low-skilled workers
to the United States to answer the following question(s).
6)
Recall the Application. If the majority of new immigrants are low-skill
workers,
A)
it will increase wages for the low-skill native workers.
B)
it will decrease wages for the high-skill native workers.
C)
high-skill native workers benefit from low product prices.
D)
all of the above
95)
Why do college graduates earn higher wages than non-graduates? 96)
What is featherbedding and why do unions engage in the practice? 97)
Explain why featherbedding may or may not increase the demand for labor. 98)
Explain possible benefits of labor unions. 10.4 The Distribution of Income1)
Suppose that we compare shares of income earned by different U.S. groups by
dividing all households into five groups. Which of the following statements
about the income distribution in the United States is correct?A)
Shares of income remain roughly constant as we move from the lowest quintile to
the highest quintile.B)
Shares of income decrease as we move from the lowest quintile to the highest
quintile.C)
Shares of income increase as we move from the lowest quintile to the highest
quintile.D)
none of the above 2)
Which of the following is a main factor that explains the differences in the
incomes of U.S. households?A)
inheritancesB)
luck and misfortuneC)
discriminationD)
all of the above 3)
Which of the following is the most important reason for growing inequality in
the income distribution in the United States.?A)
an increase in demand for highly educated workersB)
inheritancesC)
discriminationD)
a steady increase in tuition and fees for a college education 4)
Which of the following explains the impact of technological advances on the
wage gap between less skilled workers and highly skilled workers?A)
Advances in technology have increased the demand for higher education degrees
and widened the wage gap between the two groups.B)
Advances in technology have increased the productivity of less skilled workers
and thus narrowed the wage gap between the two groups.C)
Advances in technology have increased the demand for less skilled workers and
highly skilled workers alike, and thus the wage gap between the two groups
remains unchanged.D)
none of the above 5)
Which of the following explains the impact of the expansion of international
trade on the demand for less skilled workers in the United States?A)
An increase in international trade has increased the demand for less skilled
workers.B)
An increase in international trade has decreased the demand for less skilled
workers.C)
An increase in international trade has had little impact on the demand for less
skilled workers.D)
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