Source C le who Percentage of nonfarm workers unemployed Farming 40 t 30+ 20 10- 0 UNEMPLOYMENT OF NONFARM WORKERS BY PERCENTAGE AND NUMBER 1920 4,918,000 2,190,000 1,049,000 1,982,000, 801,000 1925 1,550,000 1930 12,830,000 1935 Questions 1. Does this source support or go against the New Deal? This Source Supports the 10,390,000 7,700,000 1940 670,000 New Deal. 1,040,000 1945

Source C le who Percentage of nonfarm workers unemployed Farming 40 t 30+ 20 10- 0 UNEMPLOYMENT OF NONFARM WORKERS BY PERCENTAGE AND NUMBER 1920 4,918,000 2,190,000 1,049,000 1,982,000, 801,000 1925 1,550,000 1930 12,830,000 1935 Questions 1. Does this source support or go against the New Deal? This Source Supports the 10,390,000 7,700,000 1940 670,000 New Deal. 1,040,000 1945

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter12: The American Labor Force

Section12.1: Amercians At Work

Problem 1R

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Similar questions

Why is there unemployment in a labor market with flexible wages?
As the baby boom generation retires, the ratio of retirees to workers will increase noticeably. How will this affect the Social Security program? How will this affect the standard of living of the average American?
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
Susan is a single mother with three children. She can earn 8 per hour and works up to 2,000 hours per year. However, if she does not earn any income at all, she will receive government benefits totaling 16,000 per year. For every 1 of income she earns, her level of government support will be reduced by 1. Create a table, patterned after Table 15.3. The first column should show Susans choices of how many hours to work per year, up to 2,000 home. The second column should show her earnings from work. The third column should show her level of government support, given her earnings. The final column should show her total income, combining earnings and government support.
What policies, when used together with antidiscrimination laws, might help to reduce the earnings gap between men and women or between white and black workers?
Exercise 15.2 and Exercise 15.3 asked you to describe the labor-leisure tradeoff for Jonathon. Since, in the first example, there is no monetary incentive for Jonathon to work, explain why he may choose to work anyway. Explain what the opportunity costs of working and not working might be for Jonathon in each example. Using your tables and graphs from Exercise 15.2 and Exercise 15.3, analyze how the government welfare system affects Jonathans incentive to work.
Does a gap between the average earnings of men and women, or between whites and blacks, prove that employers are discriminating in the labor market? Explain briefly.
What goods and services would you include in an estimate of the basic necessities for a family of four?
Jonathan is a single father with one child. He can work as a server for $6 per hour for up to 1,500 hours per year. He is eligible for welfare, and so if he does not earn any income, he will receive a total of 10,000 per year. He can work and still receive government benefits, but for every 1 of income, his welfare stipend is 1 less. Create a table similar to Table 15.4 that shows Jonathans options. Use four columns, the first showing number of hours to work, the second showing his earnings from work, the third showing the government benefits he will receive, and the fourth column showing his total income (earnings + government support). Sketch a labor-leisure diagram of Jonathans opportunity set with and without government support.