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Microeconomics , Fifth Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
Chapter Review
Chapter 16: The Labor Market


1. Are people willing to work more hours for higher wages?

2. What are compensating wage differentials?

3. Why might wages be higher for people with more human capital than for those with less human capital?

4. What accounts for earnings disparities between males and females and between whites and nonwhites?

5. Are discrimination and freely functioning markets compatible?



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