(Solved): Incorrect Question 2 0/8 pts Your textbook lists several public policy steps that were designed t ...

Incorrect Question 2 0/8 pts Your textbook lists several public policy steps that were designed to make discrimination in the labor market illegal. Looking at the gender wage gap and the race wage gap, we can conclude O Public policy will eventually achieve the goal of eliminating the wage gaps. O The gender wage gap has been solved, but not the race wage gap. O The data from the U.S. Department of Labor, Bureau of Labor Statistics shows that the gaps continue to exist. That these policies have been successful because the gaps have been closed. This is not the case. Learning Objective: Identify U.S. public policies designed to reduce discrimination Incorrect 0/8 pts Question 3 What determines the going market wage rate? O The marginal product of capital. The first rule of labor markets. The first rule of labor markets is a concept, not a determinant. This rule states an employer will never pay a worker more than the value of the worker's marginal productivity to the firm Learning Objective: Identify what determines the going market wage rate. O The labor union boss. O Where the market demand for labor equals the market supply of labor. 0/7 pts Which of the following is TRUE about discrimination in America's competitive market? Discrimination laws introduced in America from the 60s through the 90s had no impact on discrimination. These laws against discrimination have reduced the gender wage gap. Learning Objective: Explain the impact of discrimination in a competitive market Market forces alone are unlikely to overwhelm strong social attitudes about discrimination. O It is no longer embedded in the structure of American institutions. O Market forces always promote discrimination. Incorrect Question 8 Incorrect 0/8 pts Question 13 The concept of derived demand of labor means that O supply for labor will increase from a demand for output. O demand for labor is decreased from a demand for output. O demand for labor is created from a demand for a good or service the demand for a good or service is derived from the demand for labor. Incorrect. the demand for a good or service is not determined by the demand for the workers that produce that good or service. Incorrect Question 15 0 / 4 pts Wage Ratios by Sex and Race data from the U.S. Department of Labor, Bureau of Labor Statistics show O Over the past two decades wage gaps between men and women have been eliminated, and the wage gap between Black and White workers has remained the same for the past several years. O The wage gap between Black and White workers has remained the same for the past several years, and women still have lower wages than men. Half of this statement is incorrect. Learning Objective: Analyze earnings gaps based on race and gender O Over the past two decades wage gaps between men and women have been eliminated, and Black workers have lower wages than White workers. O Women still have lower wages than men, and Black workers have lower wages than White workers.