Worker with similar levels of education in other? industries

Assignment Help Business Economics
Reference no: EM131172380

In the United States in? 2011, there were 104 fatalities per? 100,000 workers in the logging industry. This is the? second-highest rate after the fisheries industry. Everything else? equal, would you expect workers in the logging industry to be paid higher wages than workers with similar levels of education in other? industries? Explain.

A. ?Yes, loggers deserve higher wages due to? skill-based technological changes.

B. ?No, those workers in the logging industry should receive lower wages due to statistical discrimination.

C. ?No, workers in the logging industry should be paid lower wages because they have less human capital.

D. ?Yes, loggers should be paid higher wages to compensate for risk.

Reference no: EM131172380

Questions Cloud

Explain why social security redistributes wealth : Explain why social security redistributes wealth from the younger generations to the older ones. Explain why, in general, low income individuals benefit more from social security than high income individuals. What is the average tax rate consistent w..
Treasury bonds and the dollar exchange rate with euro : With QEs being conducted by European and Asian central banks, explain what effect a U.S. policy of increasing interest rates will have on prices of U.S. stocks and Treasury bonds and the dollar exchange rate with Euro, yen and yuan?
Change the equilibrium nominal interest rate : Discuss how an autonomous increase in the expected rate of inflation will change the equilibrium nominal interest rate. Consider an initial real rate of interest of 2 percent and an expected inflation rate of 2 percent. what would the resulting nomin..
Why the flexibility of wages and prices tend to favor : Describe one (1) reason why the flexibility of wages and prices tend to favor the Keynesian economic view in the short run and one (1) reason why the flexibility of wages and prices tend to favor the classical economic view in the long run.
Worker with similar levels of education in other? industries : In the United States in? 2011, there were 104 fatalities per? 100,000 workers in the logging industry. This is the? second-highest rate after the fisheries industry. Everything else? equal, would you expect workers in the logging industry to be paid ..
How much is firms total-total variable and total fixed costs : The figure above represents Giuliani’s farm a profit-maximizing perfectly competitive firm with the price of its product been equal to $7. Explain your answers. How much is the firm's total, total variable, and total fixed costs? How much is the firm..
Suppose wages in the market for plumbers increase : Suppose wages in the market for plumbers increase. Some plumbers start taking on extra plumbing jobs while others cut back on the number of hours they work. What could explain? this?
What is the nash equilibrium for the one-shot game : Burger King and Wendy’s are engaging into the following one-shot game: if Burger King advertises and Wendy’s does not, Burger King will make $20 million in profits and Wendy’s will make $6 million. Write the payoff matrix for the above game. Does Bur..
Monopolistic competitive firm-what quantity will be produced : The figure above represents Athina's pool supply store, a monopolistic competitive firm. Explain your answers. What quantity will be produced? What price will be charged? What is Athina's economic profit or loss? Is this a long-run equilibrium? Why o..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd