Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. O They are employed workers who want to earn higher wages. O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. O They have given up on looking for a job. O They are full-time workers who would like to work only part-time.

Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. O They are employed workers who want to earn higher wages. O They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. O They have given up on looking for a job. O They are full-time workers who would like to work only part-time.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 35CTQ: While unemployment is highly negatively correlated with the level of economic activity, in the real...

See similar textbooks

Similar questions

While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. A. They are full-time workers who would like to work only part-time. B. They are counted as part of the labor force by the Bureau of Labor Statistics. C. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. D. They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from August 2018. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 258,066,000 155,604,000 6,197,000 434,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as…
8. The total population of a country is 1 million. Of this 120,000 are pensioners (retired), 160,000 are below the age of 16 and about 20,000 cannot take up a job because either they are under institutional care or hospitalized and unfit to work. About 14,000 do not want to take up a job (therefore they do not even look for a job for a long period of time) and about 7,000 are estimated to be on average in a state of a change in their life and employment (however they are actively looking for employment). The economy is subject to high seasonal variations therefore at the month of January (at which the current labour survey is contacted) about 70,000 summer period employees (working in the tourist industry) are temporarily out of work, waiting to be called back to work in March when the season begins. 12,000 are out of work and are actively looking to find a job while an additional 3,000 are newcomers in the labour force who have been given a job offer and are expected to start working…
The population of Ectenia rs 100 people: 40 workfull-time. 20 work hal f-time but would orefer to workfull-time, 10 are looking for a job. 10 would like towork but are so discouraRed thev have Riven up looking.10 are not interested in working because theyare fu ll-time students. and 10 are retired. What is thenumber of unemoloved?a. 10b. 200 :'10d. 40
A certain amount of unemployment may be socially desirable because.. a. Unemployed workers are able to benefit from employment insurance. b. A pool of unemployed workers drives down the average wage in the sconomy and keeps workers from becoming greedy. C. Apool of unemployed workers provides an incentive to those employed to remain productive. When some workers become unemployed, it provides a chance for athers in the labour force to become d. employed. The time the worker spends unemployed is valuable for finding the most appropriate match with firms. e.
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. O They have given up on looking for a job. V They are full-time workers who would like to work only part-time. O They are counted as part of the labor force the Bureau of Labor Statistics. O They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from July 2019. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 259,225,000 157,288,000 6,063,000 368,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: U-4 = 100 x Unemployed+Discouraged Labor Force + Discouraged Fill in the following table by calculating the official unemployment…
Job search is the activity of looking for job. OA. a permanent full-time B. an acceptable vacant O C. a long-term OD. a well-paid
The Current Population Survey reports the data for last month: 73 million people had full-time jobs. 10 million people had part-time jobs. 5 million people had no work but were available and had looked for work in the past four weeks. 36 million people of working age did not have jobs and did not want jobs. Calculate last month's labor force and working-age population. 3 tries left Last month, the labor force was was million. A. 98; 134 OB. 93; 124 OC. 88; 134 D. 88; 124 million and the working-age population
1. Other indicators of the health of the labor market that economists track are: a. New unemployment claims b. The winner of the Super Bowl c. Private payroll data from ADP d. both a and b e. both a and c.
If the monthly outflow from unemployment equals 500,000 people and the average duration of an unemployment spell is about 11 months, then A. unemployment will be close to zero in 11 months. B. employment is 5,500,000 people. C. the yearly inflow to unemployment is 500,000 people. D. the average person will expect to be employed in about 5/11 of a month. E. the number of unemployed is 5,500,000 people.
Question 9 esc tab Figure 2.5 Unemployment in the adult civilian population, 2013 Unemployed (7.8%) 123 million shift T caps lock K →1 STREAM According to Figure 2.5, the United States civilian unemployment rate in June 2013 was 22.1% 5.0% 07.8% 8.5% Onone of the above Moving to another question will save this response. OType here to search fn Not in Labor Force (35.0%) 88.5 million ? Q a 2 W N * # 3 S E X alt Et 4 Employed (58.9%) 144.8 million D % R C 5 F O T hp 6 V G & a E 00 8 U کے
Please answer a, b and c. The table below shows the responses to a survey which asked whether a respondent worked in the past week and what their hourly wage was. Respondent Number of Hours Worked Hourly Wage 1 40 $10 2 20 $6 3 40 $8 4 0 $0 5 50 $20 a. What is the average hourly wage for those who worked? b. For those who worked, what is the average number of hours worked? c. What is the unemployment rate if everyone but the fourth respondent is in the labour force? d. What additional information would you need to know to determine if the fourth respondent is in the labour force? e. What is the labour force participation rate if everyone but the fourth respondent is in the labour force?