Recall the Application about how physical attractiveness affects wages to answer the following question(s). 75) Recall the Application. Relative to people of average appearance workers receive ________ wages if they are ________. A) higher; unattractive B) the same; either attractive or unattractive C) lower; more attractive than average D) higher; more attractive than average 76) The wage for a particular occupation will be relatively low if supply is small relative to demand. 77) An increase in the market supply of clerks leads to an increase in the market wage rate for clerks. 78) A minimum wage above the equilibrium wage leads to an excess quantity supplied of labor. 79) Waiters in countries where it’s customary to tip waiters will tend to have lower wages than will waiters in countries where tipping is not customary. 80) One would expect people who work the night shift to have higher wages than their day-shift counterparts. 81) If few people have the skill required for a job it will pay less. 82) Airline pilots make more than bus drivers in part because the training costs of being an airline pilot are higher. 83) A construction laborer might make more than a similarly skilled book store clerk because the working conditions in the book store are more desirable. 84) The signaling effect leads to college graduates earning more because a college degree signals that a person has learned the required job skills.
