Select whether True or False An example of economic discrimination is the creation of "ethnic" neighborhoods. In this example, econornic discrimination allows for society to keep "undesirable" elements and people out of certain ares o
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- In the following situation, indicate whether the physician's discriminatory action is taste-based or statistical. A surgeon has heard that it is very difficult for black patients to find bio-compatible matches on the kidney donor waitlist. As a result, he is more aggressive in trying to save a black patient's kidneys than a white patient's kidneys. Statistical Taste-basedSuppose there are two types of persons: high-ability and low-ability. A particular diploma costs a high-ability person $8,000 and costs a low-ability person $20,000. Firms wish to use education as a screening device where they intend to pay $25,000 to workers without a diploma and $ K to those with a diploma. In what range must K be to make this an effective screening device?Suppose that, on average, men earn $17 an hour and have an average of 15 years of schooling. Women earn $15 an hour and have an average of 14 years of schooling. If the estimated return to schooling for men is 0.30 (implying that each additional year of schooling translates into an additional 30 cents per hour) and the returns for schooling for women is 0.2, then the gender gap in schooling explains: 10% of the wage gap between men and women. 20% of the wage gap between men and women. 30% of the wage gap between men and women. 15% of the wage gap between men and women.
- There are 81 white seniors graduating from high school and 27 black seniors. a. All of the students with high school degrees apply to UW – Milwaukee. The admissions office looks at their records, and finds that 30% of black students drop out after the first year, compared to 15% of white students. If they have 85 openings, how many of each type of student should the admissions office hire to maximize their graduation rate? b. Suppose there is no difference in graduation rates between black and white students. However, the admissions office wants students who will get good grades. They don’t have access to grade histories of different students, but they can see that all 26 of the 27 black applicants went to high school in Milwaukee, whereas 70 of the 81 white applicants went to schools in the suburbs. The schools in the suburbs have very good academic ratings, whereas the schools in Milwaukee do not. If they have 85 openings, how many of each type of student should the admissions…True or False. Research indicates that immigration causes large decreases in the average American wage.Which of the following statements is correct? If potential employers could observe the productivities of different individuals, but still offer different salaries to man and women, the employers are having statistical discrimination. The findings of Charles & Guryan (2008) suggest that the black-white wage gap in the U.S. is unaffected by the prejudices of the most prejudiced persons in a state, which provides evidence against the taste-based discrimination in the U.S. There are two hypothetical countries. Each country has three people. In County A, the wealth of the three persons are respectively 9, 10, and 11. In Country B, the wealth of the three persons is respectively 4, 6, and 9. As measured by the standard deviation of wealth, Country A has lower wealth inequality. Consider a graph where the probability of injury is represented on the horizontal axis, and the wage is represented on the vertical axis. The isoprofit curves on this graph are…
- The theory of distributive justice that I found to be the most convincing was the Utilitarianism theory. In current times there is a large amount of economic inequality. It states in the textbook, "The top 0.1 percent of American families owns 22 percent of the nation’s wealth–exactly the same share as the bottom 90 percent" (Shaw, 2017, p. 85). The Utilitarianism theory believes that there should be a greater equality of income. They believe that if there was a more equal distribution of income, then the happiness of that population would vastly increase. The textbook mentions that countries that have a more equal distribution of income tend to have lower rates of infant mortality, life expectancy, malnutrition, obesity, teenage pregnancy, economic insecurity, personal anxiety, and other measures, in comparison to countries that have a larger income inequality, such as the United States (Shaw, 2017, p. 92). It is even believed that income equality can promote economic growth (Shaw,…40:19 Resource pricing cannot be predicted. O determines people's incomes. O is monopolistically determined. O is used to reduce income inequality.Which of the following statements is not correct? a) Competitive markets tend to limit the impact of discrimination on wages. b) Differences in earnings of whites and blacks or men and women provide clear evidence of discrimination. c) Some differences in earnings are attributable to discrimination based on race, sex, or other factors. d) Profit-maximizing behavior can reduce discriminatory wage differentials.
- Explain why market forces are likely to eliminate discriminationThe value of a worker’s marginal product is $40 per hour for high- ability workers and $10 per hour for low-ability workers. The preferences of high-ability workers correspond to the utility function UH(E,W)=W−5E, and the preferences of low-ability workers correspond to the utility function UL(E,W)=W−10E. By law, everyone is required to attend at least five years of school. Two-thirds of the population has low ability, and one-third has high ability. What can you say about the educational attainment of each type of worker in a separating equilibrium, and in a pooling equilibrium? Are workers better off with the most efficient separating equilibrium, or with the most efficient pooling equilibrium? Demonstrate your answer by using appropriate schedules.(O'Sullivan, 2.12) Consider a region where the self-sufficient wage is constant at $4. Suppose the payoff (profit) from innovation in the city with a population n measured in thousands is given by: π (n) = 2 +n¹/² − (n/10) - 5.1 Suppose a group of 1 (thousand) workers form a city. Will other workers have an incentive to join the cluster? 5.2 Suppose a group of 9 (thousand) workers form a city. Will other workers have an incentive to join the cluster? 5.3 Compute the (stable) equilibrium size of the innovation city.