- 15.1: Table 15.6 shows the quantity demanded and supplied in the labor ma...
- 15.2: Do unions typically oppose new technology out of a fear that it wil...
- 15.3: Compared with the share of workers in most other high-income countr...
- 15.4: Are firms with a high percentage of union employees more likely to ...
- 15.5: Do countries with a higher percentage of unionized workers usually ...
- 15.6: Explain in each of the following situations how market forces might...
- 15.7: Does the earnings gap between the average wages of females and the ...
- 15.8: If immigration is reduced, what is the impact on the wage for low-s...
- 15.9: What is a labor union?
- 15.10: Why do employers have a natural advantage in bargaining with employ...
- 15.11: What are some of the most important laws that protect employee rights?
- 15.12: How does the presence of a labor union change negotiations between ...
- 15.13: What is the long-term trend in American union membership?
- 15.14: Would you expect the presence of labor unions to lead to higher or ...
- 15.15: What are the main causes for the recent trends in union membership ...
- 15.16: Describe how the earnings gap between men and women has evolved in ...
- 15.17: Describe how the earnings gap between blacks and whites has evolved...
- 15.18: Does a gap between the average earnings of men and women, or betwee...
- 15.19: Will a free market tend to encourage or discourage discrimination? ...
- 15.20: What policies, when used together with antidiscrimination laws, mig...
- 15.21: Describe how affirmative action is applied in the labor market.
- 15.22: Have levels of immigration to the United States been relatively hig...
- 15.23: How would you expect immigration by primarily low-skill workers to ...
- 15.24: What factors can explain the relatively small effect of low-skilled...
- 15.25: Are unions and technological improvements complementary? Why or why...
- 15.26: Will union membership continue to decline? Why or why not?
- 15.27: If it is not profitable to discriminate, why does discrimination pe...
- 15.28: If a company has discriminated against minorities in the past, shou...
- 15.29: If the United States allows a greater quantity of highly skilled wo...
- 15.30: If all countries eliminated all barriers to immigration, would glob...
Solutions for Chapter 15: Issues in Labor Markets: Unions, Discrimination, Immigration
Full solutions for Principles of Economics | 1st Edition
Solutions for Chapter 15: Issues in Labor Markets: Unions, Discrimination, ImmigrationGet Full Solutions
a person who is performing an act for another person, called the principal
the deviation of unemployment from its natural rate
diminishing marginal product
the property whereby the marginal product of an input declines as the quantity of the input increases
the interest rate on the loans that the Fed makes to banks
the quantity of output that minimizes average total cost
costs that do not vary with the quantity of output produced
the description of asset prices that rationally reflect all available information
law of supply and demand
the claim that the price of any good adjusts to bring the quantity supplied and the quantity demanded for that good into balance
a tax that is the same amount for every person
the study of economy-wide phenomena, including inflation, unemployment, and economic growth
median voter theorem
a mathematical result showing that if voters are choosing a point along a line and each voter wants the point closest to his most preferred point, then majority rule will pick the most preferred point of the median voter
the costs of changing prices
a good for which, other things being equal, an increase in
price elasticity of demand
a measure of how much the quantity demanded of a good responds to a change in the price of that good, computed as the percentage change in quantity demanded divided by the percentage change in price
a tax for which highincome taxpayers pay a larger fraction of their income than do low-income taxpayers
goods that are neither excludable nor rival in consumption
the amount of a good that buyers are willing and able to purchase
an action taken by an informed party to reveal private information to an uninformed party
unemployment that results because the number of jobs available in some labor markets is insufficient to provide a job for everyone who wants one
the idea that taxpayers with a greater ability to pay taxes should pay larger amounts