Social Policy Analysis
Pre-Test Questions
Course Introduction
Social Policy Analysis examines the development, implementation, and impact of policies that address social issues such as poverty, health care, education, housing, and welfare. This course introduces students to the frameworks and methods used to critically analyze social policies, including their goals, effectiveness, and unintended consequences. Students will learn to assess how social, economic, and political factors influence policy decisions and outcomes, as well as understand the roles of government, non-profit organizations, and other stakeholders. Through case studies and real-world examples, the course equips students with the analytical skills necessary to evaluate and contribute to effective policy solutions for complex social challenges.
Recommended Textbook Labor Economics 7th Edition by George J Borjas
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12 Chapters
360 Verified Questions
360 Flashcards
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Chapter 1: Introduction to Labor Economics
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Source URL: https://quizplus.com/quiz/47424
Sample Questions
Q1) In an econometric model, the dependent variable is
A)the behavior one is trying to explain.
B)unchanging across sub-samples.
C)always the wage.
D)also known as the residual.
E)unrelated to the independent variables.
Answer: A
Q2) When forming theories, economists must be careful to
A)include all known facts and details.
B)omit crucial factors.
C)mirror the real world as realistically but as simply as possible.
D)consider historical behavior and policies.
E)limit the analysis to two variables.
Answer: C
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3
Chapter 2: Labor Supply
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Sample Questions
Q1) What is the discouraged worker effect?
A)A discouraged worker will accept any job offer regardless of the wage.
B)Because a discouraged worker accepts a part-time job when he wants a full-time job, he is considered to still be unemployed.
C)A discouraged worker accepts a part-time job, and is therefore counted as being employed.
D)A discouraged worker stops looking for a job, but is still counted as being in the labor force.
E)A discouraged worker stops looking for a job, and therefore is no longer counted as being in the labor force.
Answer: E
Q2) Due to the discouraged worker effect, the labor force participation rate
A)increases during a recession.
B)decreases during a recession.
C)is counter-cyclical.
D)over-counts the number of workers wanting a job.
E)over-counts the number of workers with a job.
Answer: B
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Chapter 3: Labor Demand
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Sample Questions
Q1) The marginal rate of technical substitution at any particular labor-capital bundle is
A)the slope of the isoquant.
B)the average product of labor relative to the average product of capital.
C)the wage relative to the cost of capital.
D)the slope of the indifference curve.
E)the ratio of labor to capital.
Answer: A
Q2) If the minimum wage applies to one sector (the covered sector) but not another sector (the uncovered sector), an increase in the minimum wage in the covered sector is likely to result in which of the following?
A)Greater employment in the covered sector.
B)Less employment in the uncovered sector.
C)A lower wage in the covered sector.
D)A lower wage in the uncovered sector.
E)Workers willingly leaving the covered sector for the uncovered sector in search of higher wages.
Answer: D
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Chapter 4: Labor Market Equilibrium
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Sample Questions
Q1) The standard cobweb model makes the following two assumptions:
A)Workers are forward-looking, and job adjustments take time.
B)Workers are myopic, and job adjustments take time.
C)Workers are forward-looking, and job adjustments are instantaneous.
D)Workers are myopic, and job adjustments are instantaneous.
E)Workers are myopic, and retraining of one's skills happens instantaneously.
Q2) If immigrant workers are complementary to native workers, then
A)native workers will be better off with open borders.
B)immigrant workers will receive a higher wage than native workers.
C)immigration will shift the demand for native labor to the left.
D)very few immigrants will find jobs.
E)each firm will hire only immigrants or only natives but not a mixture of the two.
Q3) The equilibrium of a competitive labor market is associated with
A)no unemployment as everyone has a job.
B)no unemployment as everyone who wants a job at the equilibrium wage has one.
C)no unemployment as labor is assumed to be supplied inelastically.
D)some unemployment as some people do not have a job at the equilibrium wage.
E)some unemployment as firms are not required to pay the minimum wage.
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Chapter 5: Compensating Wage Differentials
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Sample Questions
Q1) When the government imposes safety regulations on a particular job or labor market, what is most likely to happen?
A)Wages will increase.
B)Utility will increase if workers are able to correctly evaluate working conditions.
C)Wages will fall but utility will increase if workers misperceive on-the-job risk.
D)Employment will increase.
E)Firms that used to offer bad working conditions will be required to shut down.
Q2) Risk-averse workers
A)have shallow wage-risk indifference curves when risk is graphed on the x-axis.
B)are willing to work in riskier environments for a relatively low increase in the wage.
C)are willing to accept large wage decreases in exchange for a safer work environment.
D)never work in risky environments.
E)are more productive than risk-loving workers.
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Chapter 6: Human Capital
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Sample Questions
Q1) In 2013, approximately what percent of adults in the United States had not graduated from high school?
A)2%
B)5%
C)10%
D)15%
E)20%
Q2) Which of the following reasons is not a likely explanation as to why college completion rates are greater, on average, for whites than for blacks?
A)Tuition costs are lower for whites than blacks.
B)Whites have access to more financial capital to pay for college than blacks.
C)Post-college wages are higher for whites than for blacks.
D)Whites have greater access to higher quality public education at the elementary and secondary level.
E)Whites are more able to postpone earnings at age 18 than are blacks.
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8
Chapter 7: The Wage Structure
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Sample Questions
Q1) Which of the following does not measure inequality?
A)The 90-10 wage gap.
B)The 50-10 wage gap.
C)The Gini coefficient.
D)The actual Lorenz curve.
E)The perfect-equality Lorenz curve.
Q2) Many studies measure inequality with the 90-10, 50-10, or 90-50 wage gaps rather than with the Gini coefficient. Why?
A)The Gini coefficient is poorly defined.
B)The Gini coefficient is ambiguous in terms of where in the earnings distribution inequality exists.
C)The Gini coefficient tends to jump around from one year to the next due to extreme outliers.
D)The Gini coefficient is a poor measure of international comparisons of inequality.
E)The Gini coefficient fails to take into account the entire wage distribution.
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9
Chapter 8: Labor Mobility
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Sample Questions
Q1) In a standard Roy model, migration can lead to an increase in average skills in both locations. What is necessary for this to happen?
A)The workers who migrate from the source country are below-average in skill relative to the average source country person but are above-average in skill relative to the average destination country person.
B)The workers who migrate from the source country are above-average in skill relative to the average source country person but are below-average in skill relative to the average destination country person.
C)The highest skilled workers migrate from the source country to the destination country.
D)The lowest skilled workers migrate from the source country to the destination country.
E)Migration leads to an increase in average skills in both locations whenever there is positive selection.
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Chapter 9: Labor Market Discrimination
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Sample Questions
Q1) The empirical and theoretical results on occupational crowding in the United States suggest that
A)occupational crowding is substantial in the United States, but this should not be thought of as a source of discrimination.
B)occupational crowding is substantial in the United States, and much of this should be thought of as a source of discrimination.
C)occupational crowding is substantial in the United States, but occupational crowding is unrelated to discrimination.
D)there is minimal occupational crowding in the United States, and therefore it cannot be a source of discrimination.
E)there is minimal occupational crowding in the United States, but this is still thought to be an important cause of racial discrimination but not gender discrimination.
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11
Chapter 10: Labor Unions
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Sample Questions
Q1) The wage-employment outcomes described by the contract curve
A)fail to exhaust all bargaining opportunities between the employer and the union, except for the single point on the contract curve that is associated with maximum wages.
B)are associated with the firm hiring more workers at a higher wage than they would under a monopoly union outcome.
C)are Pareto optimal and result in an efficient contract.
D)must be located below and to the left of the outcome that would result in the absence of a union.
E)must be located above and to the left of the outcome that results when there is a monopoly union.
Q2) The union wage gap for private sector unions in the United States is presently on the order of A)2%.
B)8%.
C)15%.
D)28%.
E)39%.
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Page 12
Chapter 11: Incentive Pay
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Sample Questions
Q1) Principal-agent problems arise when
A)the principal negotiates contracts on behalf of the agent.
B)the agent negotiates contracts on behalf of the principal.
C)the agent's objectives are different from the principal's objectives.
D)firm owners (the principals) pay employee wages (the agents) based on race.
E)workers (the principals) work harder when the firm owners (the agents) increase wages.
Q2) A piece rate compensation system
A)underemphasizes the quantity of output produced.
B)attracts and benefits the most able workers.
C)inherently hurts minorities.
D)decreases a firm's productivity.
E)has no disadvantages.
Q3) Empirically, the relationship between CEO performance (measured in terms of share price) and CEO compensation is
A)large and positive.
B)small and positive.
C)nonexistent.
D)small and negative.
E)large and negative.
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Chapter 12: Unemployment
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Sample Questions
Q1) If the steady-state unemployment rate for an economy is 5%, and each period 2% of employed workers lose their jobs, what percent of unemployed workers find employment each period?
A)8%
B)18%
C)28%
D)38%
E)48%
Q2) What does it mean to conduct a sequential search?
A)To search for jobs even when employed.
B)To accept a job offer from an employer, but then to still search for a better job offer.
C)To accept the first job that one is offered.
D)To apply to all job openings.
E)To determine an asking wage and then accept the first job offer that pays a wage equal to or greater than the asking wage.
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