Copyright
TECEP Microeconomics: Study Guide & Test Prep  /  Business Courses

Test Prep Plan - Take a practice test

Take this practice test to check your existing knowledge of the course material. We'll review your answers and create a Test Prep Plan for you based on your results.
How Test Prep Plans work
1
Answer 50 questions
Test your existing knowledge.
2
View your test results
Based on your results, we'll create a customized Test Prep Plan just for you!
3
Study smarter
Study more effectively: skip concepts you already know and focus on what you still need to learn.

Labor Market Economics Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Human capital refers to which of the following?

Question 2 2. Which of the following is NOT a determinant of the productivity of a nation?

Question 3 3. How is labor productivity, measured as output per worker, affected by economic drivers?

Question 4 4. What is human capital?

Question 5 5. Country A invests 25% of GDP into human capital, while Country B invests only 9%. Which country will grow faster and why?

Page 2

Question 6 6. What is the main benefit of investing in human capital?

Question 7 7. In the United States, there are very few job openings for rocket scientists, and all of these openings require a long list of qualifications. Where would you expect the equilibrium point for rocket scientists to be in the U.S.?

Question 8 8. If the supply curve for registered nurses were to move to the left, how would the labor market for nurses LIKELY be affected?

Question 9 9. Based on salary, which role LIKELY represents the lowest supply of able workers?

Question 10 10. Which of the following enforces the Equal Pay Act?

Page 3

Question 11 11. As of 2013, which of the following is true regarding the pay gap between men and women?

Question 12 12. According to the EEOC, there can be pay differentials between male and female employees if _____.

Question 13 13. Which of the following is an example of LEGAL discrimination?

Question 14 14. Which of these is a definition of discrimination?

Question 15 15. Title IX of Education Amendments of 1972 protects people from being discriminated against based on their sex in education programs and all activities that meet which of the following conditions?

Page 4

Question 16 16. Which of the following is a subsidy to income tax, available to certain low-income earners?

Question 17 17. Which of the following is a proposed policy for reducing poverty?

Question 18 18. Why would a higher minimum not move more individuals out of poverty?

Question 19 19. How will the supply curve for labor be affected if people decide that they value vacation time more highly and consequently decide to work fewer hours at each wage point?

Question 20 20. Which of the following factors does NOT cause a shift in the overall labor supply?

Page 5

Question 21 21. Labor supply is the total hours that workers or employees are willing to work at a given _____.

Question 22 22. Which of the following is the one recognized exception to Title VII of the Civil Rights Act of 1964?

Question 23 23. Which of the following is NOT a category of discrimination covered under Title VII?

Question 24 24. Under Title VII, what is the U.S. Equal Employment Opportunity Commission empowered to do?

Question 25 25. Which of the following statements is true?

Page 6

Question 26 26. The richest 20% of households in America own approximately how much of America's wealth?

Question 27 27. How much has the income for top earners increased compared to how much the income for bottom earners increased since 1980?

Question 28 28. Which of the following will most likely occur as a result of an increase in labor productivity?

Question 29 29. Labor productivity and economic growth will increase when what happens?

Question 30 30. If the government were to give millionaires a tax cut, what would LIKELY happen to the number of potential CEOs?

Labor Market Economics Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Support