Select one: O a. An increase in productivity and an increase in the number of employed persons O b. An increase in productivity and a decrease in the number of employed persons O C. An increase in productivity but no change in the number of employed persons O d. A decrease in production. More information is needed to determine the directional change in productivity and employment

Select one: O a. An increase in productivity and an increase in the number of employed persons O b. An increase in productivity and a decrease in the number of employed persons O C. An increase in productivity but no change in the number of employed persons O d. A decrease in production. More information is needed to determine the directional change in productivity and employment

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A. only if that person has worked full time over the previous week. B. if that person holds either a part-time or full-time paid job. OC. if that person holds a paid job or may not be working but has looked for work in the previous week O D. when a person has worked at the same job for one year continuously Potential workers are classified as being unemployed when O A. they want a full-time job and instead have a part-time job or are not working at all. O B. they do not have a paid job, have looked for work in the previous 4 weeks and aro available for work O C. they do not have a paid job, have looked for work in the previous 4 months and are available for work O D. they do not have a paid job and are currently not available for work The equation for the unemployment rate is defined as O A Unemployed 100% x Potential workers OB. Unemployed 100% x Labor force Employed 100% x Potential workers O D Employed 100% x Labor force O O O O
Describe how the labor force participation rate in the United States changed between 1960 and 2019. Contrast and explain the different trends in the labor force participation rates of women and men. The labor force participation rate in the United States _______. A. remained relatively constant between 1960 and 2000 B. shows a downward trend between 1960 and 1999, and an upward trend that began in 2000 C. shows an upward trend between 1960 and 1999, and a downward trend that began in 2000 D. is an unreliable measure because the labor force does not include discouraged workers and marginally attached workers
20- What does employment in the narrow sense include? a) Entrepreneur B) Fee NS) Natural resource D) Capital TO) Work
Suppose some country had an adult population of about 50 million, a labor-force participation rate of 65 percent, and an unemployment rate of 5 percent. How many people were employed? a. 1.5 million b. 28.5 million c. 30.9 million d. 47.5 million
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Question 73 of 80 If a firm finds that, at its current level of employment, VMP > W, it will A. be minimizing profits. B. be maximizing profits. C. decrease the amount of labor it hires. D. increase the amount of labor it hires. 1
2. Discuss the labor-force participation trends for men and women since 1950
Question 2 Suppose there is an increase in the labor force participation rate. You would expect the equilibrium wage to Select] v and the equilibrium quantity of labor employed to Select)
What is meant by the term humancapital? Those who must continually learn and use theoretical and analytical knowledge in their work. O b. The ideas and effort that are put into the production process by individuals. O c. The total number of people employed by a firm. O d. The quantity of labour employed through employment agencies. The accumulation of all skills and knowledge acquired by individuals.