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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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
“The unemployment rate dropped to 6.6 per cent in January 2022, which is lower than the pre-pandemiclevels of 7.2 per cent in January 2020. However, the reason behind the dip in unemployment is not theaddition of jobs — rather, it was caused by the decline in the number of people looking for jobs. The numberof unemployed people fell by [6 600 000] in January 2022, as they stopped looking for jobs. Consequently,they were no longer counted as unemployed.”Source: https://www.indiatoday.in/diu/story/unemployment-rate-down-jobs-creation-job-seekers-1915703-2022-02-21Accessed: 21/02/22 1. The unemployment figure presented here is the… a) Seasonal unemployment.b) Narrow definition.c) Expanded definition.d) Real unemployment. 2. Demand-pull inflation can occur when…a) There is a shortage of investment and investors bid up interest rates.b) Inventories shrink and consumers bid up prices.c) There is a surplus of resources and so wages are bid up by employers.d) Undesired investment occurs. 3.…
It is profitable to hire labor so long as: A. The MP(labor) is greater than wage B. The MP(labor) is less than wage. C. The VMP(labor) is less than wage D. The VMP(labor) is greater than wage
If the number of unemployed equals 240,000 and the number of employed equals 300,000, the labor-force participation rate a. is 24%. is 80%. cannot be determined from this information. O b. O d. is 55.6%.
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
Hawaiian Airlines hires 100 workers, plans to add 170 more Hawaiian Airlines will hire more workers as it expands its fleet. The new hirings are a welcome sign for Hawaii's economy, which lost jobs during the year to May 2009 as the state's unemployment rate rose from 4% to 7%. The labor force was 602,000 in May 2009 and 622,600 in May 2008. Source: USA Today, August 18 Calculate the change in the number unemployed between May 2008 and May 2009. The number unemployed in May 2008 is The number unemployed in May 2009 is The change in the number unemployed between May 2008 and May 2009 is of Enter your answer in each of the answer boxes. MacBook Air DD F11 F12 000 000 F10 80 F8 F9 F6 F7 F5 F4 esc F2 F3 F1 & @ # $ ! 7 8 3 4 5 1 Y [ Q W E tab G H J K
To say that the demand for labor is a derived demand means that the demand for labor depends upon the demand for the product produced by labor O the supply of labor rises when the demand for labor falls changes in the demand for labor lead to changes in the demand for the product produced by labor the quantity of labor is derived by the real wage rate
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Why does the employment-population ratio have an upward trend from 1960 to 2000? The employment-population ratio has an upward trend because _______. A. the employment-population ratio for men increased B. the employment-population ratio for women increased C. the size of the working-age population was increasing D. the size of the labor force was increasing Thanks!!!
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