Econ. ch28 – Flashcards

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