Question

1. Due to the rising cost of a college education, a greater percentage of students have...

1. Due to the rising cost of a college education, a greater percentage of students have part-time jobs in comparison to past years. All else the same, this decrease in the number of full-time students can be expected to ________ the labor force participation rate and ________ the unemployment rate.

increase; have no effect on
decrease; decrease
have no effect on; have no effect on
increase; decrease
increase; increase

2.

Technological advances

always involve buying lots of expensive equipment.
rarely result in an increase in productivity.
introduce new techniques or methods so that firms can produce more with less.
are always the result of private-sector innovation.

are equally common across all firms.

3.

Why do incentives matter to economists?

Governments are the source of all incentives and there is value in studying the actions of government.
Incentives explain how people make decisions, and are the key to understanding economics.
People make poor decisions when they’re given money they didn’t earn.
Incentives are often the guiding principle behind greed and exploitation.
Without incentives, the distinction between microeconomics and macroeconomics would be unclear.

4.

During a recession, a number of workers have their hours reduced by their employers. All else the same, the unemployment rate will ________ and the labor force participation rate will ________.

not change; not change
decrease; not change
decrease; increase
increase; increase

increase; not change

Homework Answers

Answer #1

a) A job is a job it can be part time or full time. it will not have any effect on the labor force participation rate or unemployment rate. the answer is "C".

b) "C"

Technological advances leads to introduction of new techniques that help all the firms in the market.

c) "B"

Incentive help people to make decisions in the market. That is why they are so important for the economists.

d) its just the hour reduced and people have not gone unemployed, It will not change the labor force or unemployment rate. the answer is "A".

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
7. Suppose the number of people who retire is greater than the number of people who...
7. Suppose the number of people who retire is greater than the number of people who enter the workforce and find jobs. All else the same, the labor force participation rate will ________ and the unemployment rate will ________. decrease; increase decrease; decrease increase; decrease decrease; not change increase; increase 10. Structural unemployment is when a worker stops looking for a job because he or she feels no job is available. unemployment caused by changes in the industrial makeup of...
a). supposed during a year working-age population increased by 1%, labor force participation decreased by -3%,...
a). supposed during a year working-age population increased by 1%, labor force participation decreased by -3%, and the number of unemployed people increased by 4%. (note these numbers are rates of growth of the corresponding variables). by how much did the unemployment rate increase or decrease? b). why is there unemployment in an economy at all?
1. As a large number of students graduate from college, which category of unemployment would increase?...
1. As a large number of students graduate from college, which category of unemployment would increase? Group of answer choices a. Potential unemployment b. Cyclical unemployment c. Structural unemployment d. The graduating students will have no effect on unemployment e. Frictional unemployment 2. If an economy experiences a positive demand shock, the appropriate monetary policy would be to Group of answer choices a. More than one of these is the correct answer b. Decrease government expenditures c. Increase government expenditures...
1. Determine the impact on each of the following if 2 million formerly unemployed workers decide...
1. Determine the impact on each of the following if 2 million formerly unemployed workers decide to return to school full time and stop looking for work: What will happen to the rates? Will they increase? Will they decrease ? or will they stay the same ? The labor force participation rate drops since these workers have left the labor force. The size of the labor force drops by 2 million. The unemployment rate drops since the percentage drop in...
3a. The income effect on labor supply is likely to be (a) small because regulations prevent...
3a. The income effect on labor supply is likely to be (a) small because regulations prevent people from entering the labor force (b) large because tax changes create significant labor supply changes at both the intensive and the extensive margin (c) small because most people don't have the ability to change labor supply on the intensive margin (d) large because most people can change labor supply on the intensive margin 3b. A cut in the corporate tax rate would lead...
Which of the following would not be a central issue in economics? Question 1 options: How...
Which of the following would not be a central issue in economics? Question 1 options: How is production carried out? Who consumes what? What goods are produced? When are goods consumed and produced? None of the above Question 2 (1 point) Which of the following would be of particular interest to a micro-economist? Question 2 options: amount of fruit the typical household consumes nation’s inflation rate nation’s rate of unemployment budget of the national government Question 3 (1 point) People...
Assume you have the following information about an economy: Labor Force of an Economy Number of...
Assume you have the following information about an economy: Labor Force of an Economy Number of People (millions) Population over age 16 248.2 Labor force 156.0 Not in the labor force 92.2 Employed 146.4 Unemployed 9.6 Instructions: Round your answers to 2 decimal places. a. What is the unemployment rate in this economy?% b. What is the labor force participation rate? % c. Assume that 1 million discouraged workers decide to start looking for work again, thereby increasing the number...
1)What is the “price” commonly called in the labor market? 2)Are households demanders or suppliers in...
1)What is the “price” commonly called in the labor market? 2)Are households demanders or suppliers in the goods market? A) Demander B) what? C) Supplier D) none of the above 3)Are firms demanders or suppliers in the goods market? A) Supplier B) Demander 4)Are firms demanders or suppliers in the Labor market? A) None of above B) Supplier C) Demander 5)Are households demanders or suppliers in the Labor market? A) Supplier B) Demander 6)Which of the following would be factors...
Q1 - The number of adults (people greater than or equal to 15 years of age)...
Q1 - The number of adults (people greater than or equal to 15 years of age) that are considered officially unemployed (by government-calculated statistics) is typically different from (and usually less than) the number of adults actually without a job. This situation may arise because: i) The labor force (as calculated by government statistics) is inclusive only of adults who are either employed or actively seeking employment. ii) Full-time students, homemakers, and retirees are not considered part of the labor...
[16] The three major macroeconomic problems are: A) debt, deficits, and taxation. B) unemployment, inflation, and...
[16] The three major macroeconomic problems are: A) debt, deficits, and taxation. B) unemployment, inflation, and taxation. C) unemployment, falling production, and deficits. D) unemployment, falling production, and inflation. [17] The economic term for a resource that is available for production but is not being utilized is: A) idle. B) wasted. C) inefficient. D) unemployed. [18] Being unemployed can: A) cause a person to alter spending patterns and lifestyle. B) affect a person's self-esteem and relationships with others. C) cause...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT