Reginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered: underemployed. unemployed. employed in the underground economy. out of the labor force.
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- Reginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered: a)employed in the undergroundeconomy. b)underemployed. c)unemployed. d)out of the labor force.John works for a government agency in California making $70,000 per year. He is being transferred to a branch office in Tennessee. The salary reduction associated with transfer is 11%. The Cost of Living Index (similar to consumer price index or equipment price index) in California is 132 whereas the Cost of Living Index in Tennessee is 95. a. How much extra income does John made as a result of the reduced Cost of Living? b. What is the adjusted salary of John based on the Cost of Living?What happens to hours of work when wage rate decrease
- You earn $50,000 a year in 2019. At the beginning of 2019, you can buy your necessities for $500 per week. Suppose your boss gives you a 3% raise at the start of 2020, but due to inflation a basket of necessities costs $525 per week in 2020. In real terms, what has happened to your salary?Question 38. Katherine was laid off from her job 11 months ago. After searching for a job for months, Katherine gives up her job search because she feels there are no jobs available for her. Economists would classify Katherine as O a) employed. O b) in the labor force. c) unemployed. O d) a marginally attached worker. O e) underemployed.Who is not included in the labor force by the Bureau of Labor Statistics? Calvin, who is on temporary layoff a. b. Michael, who has retired and is not looking for work Lauren, who does not have a job, but has applied for several in the last week C. d. None of the above is correct. Select one: O d
- Joe works for pay at a local newspaper 20 hours per week as a columnist, and spends 20 hours per week writing his first novel, which he hopes (without any advance offers from publishers) to get published someday (he plans to get in touch with publishers once he's done writing the novel). Joe is O employed part-time. O not in the labor force. employed full-time. O a discouraged worker.12. The figure shows Edwyn’s labor supply curve. Consider a wage increase from $5 to $6. For Edwyn, does the price effect or income effect dominate his labor supply decision? Consider a wage increase from $7 to $8. For Edwyn, does the price effect or income effect dominate his labor supply decision?please don't copy from chegg otherwise I will give you downvote I want you answer in detail. I'm not satisfied with other answer. if you are not sure do not answer. Suppose there is a town with 800,000 people. 200,000 of these people work full-time while 240,000 work part-time. 180,000 of these part-time workers want to work more hours, but are not permitted to do so by their respective employers. Another 85,000 individuals in this town are under the age of 16. 275,000 other individuals are currently not working. 215,000 of these individuals are actively seeking work, while 60,000 individuals have given up looking for a job. Of the 215,000 who are actively seeking work, 150,000 lost their jobs due to the effects on business losing demand due to COVID-19. 30,000 of the 215,000 lost their jobs due to technological advancements, and the remaining 35,000 are not working due to normal turnover in the labor force. Solve for the labor force in this community. Solve for the number of people…
- The labor force participation rate is the percentage of the who are members of the labor force. O A. number of women O B. working-age population O C. part-time workers O D. number unemployed Click to select your answer.QUESTION 21 2010 2018 Civilian noninstitutionalized population(aged 16 or older) 223,830 257,791 Population 309,780 327,436 Unemployed 20,808 16,306 Employed 159,077 145,764 Not in the labor force 43,945 95,721 Between 2010 and 2018, the employment-population ratio регcent. OA. fell to 56.5 O B. fell to 60.4 O C. rose to 90.4 O D. stayed more or less the same, at about 45.0 O E. rose to 60.4 W E T.Explain how the wage can adjust to balance thesupply and demand for labor while simultaneouslyequaling the value of the marginal product oflabor.
