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Labour Economics: Labour Market Discrimination Quiz

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Labour Economics: Labour Market Discrimination Quiz

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Questions and Answers

How does employee discrimination impact firm profitability according to the text?

It increases firm profitability due to lower labor costs.

It decreases firm profitability due to lower labor productivity.

It leads to higher employee turnover affecting profitability.

It has no impact on firm profitability. (correct)

Why do integrated firms need to offer more than GHC15 per hour to attract white workers?

Because of compensating wage differentials. (correct)

Because white workers are cheaper to hire.

Because black workers are cheaper to hire.

Because of human capital differences.

What happens to labor demand for black and white workers when employers hire whichever labor is cheaper?

Demand for both black and white labor increases.

Demand for black labor decreases, demand for white labor increases.

Demand for black labor increases, demand for white labor decreases. (correct)

Demand for both black and white labor decreases.

Which factor plays a significant role in the determination of compensating wage differentials?

Human capital differences between workers. Signup and view all the answers

Why might integrated firms need to offer more than GHC15 per hour even if they dislike black workers?

Due to the perfect substitutability of black and white labor. Signup and view all the answers

What effect does labor mobility have on compensating wage differentials?

Increases compensating wage differentials. Signup and view all the answers

In a color-blind employer scenario, what drives their hiring decisions?

Wage rates of different racial groups. Signup and view all the answers

How does perfect substitutability between black and white workers affect labor market discrimination?

Eliminates labor market discrimination. Signup and view all the answers

How does human capital contribute to differences in wages between black and white workers?

It leads to compensating wage differentials based on skills and qualifications. Signup and view all the answers

Why do color-blind employers favor hiring cheaper labor?

Due to cost-cutting measures and profit maximization. Signup and view all the answers