Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Textbook Question
Chapter 28, Problem 2QCMC
Using the numbers in the preceding question, what is the size of Ectenia’s labor force?
a. 50
b. 60
c. 70
d. 80
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Who would be included in the labor force?
a. Louie, who is waiting for his new job to start
b. Daisey, who has become discouraged looking for a job and has quit looking
c. Donald, an unpaid stay-at-home father
d. None of the above is correct.
During times of low employment, some people get discouraged, stop looking for work, and go back to school. How does going back to school affect the labor force?
A. It does not change the labor force
B. It increases the number in the labor force
C. It decreases the number in the labor force
From 1900 to 1901, unemployment fell because
between 1901 and 1902, unemployment fell because
Table 7.11
1900
1901
1902
Labour Force
Unemployment
28,000
4,000
31,000
29,000
3,000
2,000
and
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a
the number of jobs increased more than the labour force;
the labour force fell more than the number of jobs fell
the number of jobs increased more than the labour force;
the labour force fell, but the number of jobs increased
the labour force increased more than the number of jobs;
the labour force fell, but the number of jobs increased
the labour force increased more than the number of jobs;
the number of jobs increased more than the labour force
Chapter 28 Solutions
Principles of Economics, 7th Edition (MindTap Course List)
Ch. 28.1 - Prob. 1QQCh. 28.2 - Prob. 2QQCh. 28.3 - Prob. 3QQCh. 28.4 - Prob. 4QQCh. 28.5 - Prob. 5QQCh. 28 - Prob. 1QRCh. 28 - Prob. 2QRCh. 28 - Prob. 3QRCh. 28 - Prob. 4QRCh. 28 - Prob. 5QR
Ch. 28 - Prob. 6QRCh. 28 - Prob. 7QRCh. 28 - Prob. 1QCMCCh. 28 - Using the numbers in the preceding question, what...Ch. 28 - Prob. 3QCMCCh. 28 - Prob. 4QCMCCh. 28 - Prob. 5QCMCCh. 28 - Prob. 6QCMCCh. 28 - Prob. 1PACh. 28 - Prob. 3PACh. 28 - Prob. 4PACh. 28 - Prob. 5PACh. 28 - Prob. 6PACh. 28 - Prob. 7PACh. 28 - Prob. 8PACh. 28 - Prob. 9PA
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- 16 Every economy comprises of people who are out of the labor force. “Out of the labor force” is an economic term that refers to _______. a. Children below the age of 14 b. People who are retired c. All of the options d. People who are not ready to workarrow_forward3. What does it mean to be out of the labour force? Explain in detail.arrow_forwardTyped plzzzx And Asaparrow_forward
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- Suds and Duds Laundry washed and pressed the following number of dress shirts per week: Week 1 2 3 4 5 Work Crew Sud and Dud Sud and Jud Sud, Dud, and Jud Sud, Dud, and Jud Dud and Jud a. For the given information, the labor productivity per hour for each week is (enter your responses rounded to two decimal places): Week 1 2 3 4 5 Total Hours 23 44 62 57 44 D ☐☐☐☐☐ Shirts 69 138 158 123 133 Productivity Per Hourarrow_forwardPlease help with D, E,Farrow_forwardUsing the following data calculate: 987,156 Currently Working 23,000 volunteer workers 9845 (ages 13-14) looking for work 12,000 (ages 15) looking for work 45,600 Part -Time Workers 56 family workers who worked 15 hrs a week 234 Self Employed 6543 Discouraged Workers 67, 432 (ages 23-25) looking for work 67, 890 laid off receptionists looking for work 544, 321 (ages 16-20) looking for work Current population is 6,000,000 5454 Temp Workers 5000 armed forces 543 recent university graduates that are going back to graduate school 3500 institutionalized (iv) The labour force Participation rate (v). The "official" unemployment rate Type answer pleasearrow_forward
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