There Is Discrimination in the Labor Market on the Planet

question 318

Multiple Choice

There is discrimination in the labor market on the planet of Yerk between two groups of people, the Mirks and the Morks. If the discrimination is against the Mirks, then the VMP curve for Mirks is ________ the VMP curve for Morks, and the Mirks receive ________ than the Morks.

• A) to the left of; the same wage rate, but fewer are employed
• B) to the right of; the same wage rate, but fewer are employed
• C) to the left of; a lower wage rate
• D) to the right of; a lower wage rate

---

Definitions:

Level of Significance

A statistical threshold used to determine if a result can be considered statistically significant, often denoted by alpha (α).

Statistical Risk

Statistical risk quantifies the likelihood of a negative event occurring. It is often used in the context of financial markets, health studies, and other areas requiring risk assessment based on numerical data.

Variability

The extent to which data points in a statistical distribution or dataset differ from each other and from their mean.

Confidence Level

A statistical measure that indicates the degree of certainty or trust in the results obtained from a sample as representative of a larger population.