Question

***Must provide explanation for each question and graph if applicable!!!!

2. Some firms offer workers much more job security than other firms do. Assuming the jobs are otherwise similar, we would expect to see
   1. increased wages to workers in firms with more job security.
   2. decreased wages to workers in firms with more job security.
   3. no relationship between wages and job security.
   4. the direction of the relationship is ambiguous.
3. The average difference in earnings between college and HS graduates in their 30s
   1. is increased by average differences in innate ability.
   2. is decreased by differences in human capital accumulated after leaving school.
   3. would be higher if job benefits were considered.
   4. none of the above.
   5. two or more of the above are correct. (Specify which)
4. How are unemployment rates in the United States related to education?
   1. Unemployment rates are unrelated to education.
   2. Higher levels of education are associated with higher rates of unemployment.
   3. Higher levels of education are associated with lower rates of unemployment.
   4. Unemployment rates are highest for high school dropouts but are unrelated to education for anyone who has a high school degree.
   5. Unemployment rates for high school dropouts and high school graduates are roughly equal and are less than the overall unemployment rate of college graduates.
5. Which of the following is NOT a plausible result of an increase in the generosity of benefit payments received under workers’ compensation laws?
   1. The proportion of fraudulent to legitimate claims will increase.
   2. Employers will attempt to entice their workers back to work earlier.
   3. Employers will employ more lax workplace safety standards.
   4. Workers will be more likely to ignore safety standards.
   5. Employers will hire fewer workers.

Answer 1