Econ. ch28 – Flashcards
Unlock all answers in this set
Unlock answersquestion
According to lecture about the macro model, a "good" level of unemployment would be:
answer
5%
question
According to the Bureau of Labor Statistics website, the current unemployment rate is
answer
5.5%
question
According to the article "California Leavin' This State is in a State of Denial," companies are leaving the state because
answer
All of the above are correct
question
Ava owns her own business. The Bureau of Labor Statistics counts Ava as
answer
employed and in the labor force
question
Discouraged workers have:
answer
Quit looking for a job
question
The Bureau of Labor Statistics defines the unemployment rate as the percentage of
answer
the labor force that is unemployed
question
Who creates jobs?
answer
firms
question
The labor-force participation rate is computed as
answer
(Labor Force/Adult Population) x 100
question
Jenna is searching for a job that suits her tastes about where to live. Mary is looking for a job that makes best use of her skills
answer
Jenna and Mary are both frictionally unemployed
question
According to lecture, "The Minimum Wage Stealth Tax on the Poor" analyses the effects based on which measurement of groups?
answer
Income quintiles
question
"The Wages of Unemployment" article says which of the following Government programs cause Americans to work less:
answer
All of the above
question
The labor participation rate is the lowest since 1978. It's now:
answer
63%
question
How many "right to work" states are there?
answer
25
question
Minimum-wage laws cause a
answer
surplus of labor and a shortage of jobs
question
According to the article "Wal-Mart's Capitalist Payday," the greatest joy in management life is:
answer
A reliable employee
question
According to the article, "Job Market Looks Ripe for Liftoff," the current average hourly earning rate is
answer
$24.75
question
According to lecture, Ford paid an "efficiency wage" of $5 a day to:
answer
Lower turnover
