2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They are dissatisfied with their current jobs and are considering quitting. They are counted as part of the labor force by the Bureau of Labor Statistics. They are employed workers who want to earn higher wages.

2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They are dissatisfied with their current jobs and are considering quitting. They are counted as part of the labor force by the Bureau of Labor Statistics. They are employed workers who want to earn higher wages.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They are employed workers who want to earn higher wages. They are full-time workers who would like to work only part-time. They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from August 2018. Civilian Population (Persons 16 years old and over) 258,066,000 Employed Unemployed Discouraged (Persons) (Persons) (Persons) 434,000 155,604,000 6,197,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: Unemployed+Discouraged U-4 = 100 X Labor Force + Discouraged Fill in the following table…
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are dissatisfied with their current jobs and are considering quitting. They have given up on looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. The following table contains U.S. employment information from August 2018. Civilian Population (Persons 16 years old and over) 258,066,000 Employed Unemployed (Persons) (Persons) 155,604,000 6,197,000 Unemployed+Discouraged U-4 = 100 X Labor Force + Discouraged Discouraged (Persons) 434,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows:
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are employed workers who want to earn higher wages. They have not looked for a job in 6 weeks, but they would like a job and are available for work. They have given up on looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics.
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. O They have given up on looking for a job. V They are full-time workers who would like to work only part-time. O They are counted as part of the labor force the Bureau of Labor Statistics. O They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from July 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,225,000 157,288,000 6,063,000 368,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: U-4 = 100 x Unemployed+Discouraged Labor Force + Discouraged Fill in the following table by calculating the official unemployment…
Which of the following would NOT be considered unemployed? Group of answer choices A laid off autoworker from Michigan looking for a new job in California. A drama school graduate who gives up looking for acting jobs in Hollywood. A college student home for the summer looking for a construction job. A former engineer looking for a part-time job to supplement their income.
5. Minimum-wage laws and unemployment Consider the market for labor depicted by the demand and supply curves that follow. Use the calculator to help you answer the following questions. You will not be graded on any changes you make to the calculator. 0125250375500625750875100020.017.515.012.510.07.55.02.50WAGE (Dollars per hour)LABOR (Thousands of workers)Demand Supply Graph Input Tool Market for Labor Wage (Dollars per hour) Labor Demanded (Thousands of workers) Labor Supplied (Thousands of workers) Complete the following table with the quantity of labor supplied and demanded if the wage is set at $7.50. Then indicate whether this wage will result in a shortage or a surplus. Hint: Be sure to pay attention to the units used on the graph and in the table. For example, type in 100 for 100,000 workers. Wage Labor Demanded Labor Supplied Shortage or Surplus? (Thousands of workers) (Thousands of workers)…
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They are dissatisfied with their current jobs and are considering quitting. They are counted as part of the labor force by the Bureau of Labor Statistics. They are full-time workers who would like to work only part-time. The following table contains U.S. employment information from August 2018. Civilian Population (Persons 16 years old and over) 258,066,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: U-4 = 100 x Employed Unemployed Discouraged (Persons) (Persons) (Persons) 434,000 155,604,000 6,197,000 Unemployed + Discouraged Laber Haren + Dacoraged Fill…
Which of the following people would not be counted in the labor force? A) A man who is in jail. B) A woman who is 70 years old and works full time. C) A girl who is 16 and works part time. D) A man who will retire from work in 1 day.
UNEMPLOYMENT RATE, 2019 (percent) 40 36 32 28 24 20 16 12 4 27 Adult males 5.4 White Black 3.8 Hispanic b. were employed? Adult females 4.7 2.8 White Black 47 Hispanic 11.5 White Teenagers 20.7 Black 14.5 Hispanic 3.7 National average Instructions: Enter your responses as a whole number. In 2019, how many of the 14,000,000 adult Hispanic males who participated in the labor market a. were unemployed? c. would have been employed if they had the same unemployment rate as adult white males?
39 . During the course of the twentieth century, the average workweek in the United States has gotten shorter and Americans have enjoyed greater amounts of leisure time. How has this development affected potential GDP and labor productivity? 40. How is the unemployment rate calculated? Describe the three principal types of unemployment. 41. Does the existence of unemployment insurance eliminate the economic costs of unemployment? 42. Explain how the current U.S. tax system levies taxes on capital gains and earned interest. What does this mean for the costs of inflation? 43. Does inflation always cause workers losses due to decreases in real wages? Why or why not? 44. What is a GDP deflator? Why do some economists consider the GDP deflator to be a better measure of overall inflation than the Consumer Price Index? 45. Explain the ways in which the government can persuade private businesses to invest more in order to speed up the process of capital formation? 46. What is the "cost disease…
8. T/F/U. The unemployment rate given that the number of employed workers is 180.5 million the number of non-working citizens is 76.856 million and the number of individuals no longer working and looking for a job is 70.8 million
9. Structural unemployment occurs becauseA. it takes time for workers to search for the jobs that best suit their tastes and skills.B. minimum wage laws force the wages to remain above their equilibrium levels.C. some people are economically inactive.D. the number of jobs available in some labour markets is insufficient to provide a job for everyone who wants one. PROVIDE A BRIEF WRITTEN EXPLANATION JUSTIFYING YOUR CHOICE.