What is the “achievement gap”?

Q: Which of the following does NOT explain differences in tota factor productivity Ā? (Hint: remember…

A: The factor of Production: The factor of production refers to the inputs that are utilized. There are…

Q: Use a model for the labour market to answer the following question: d) Use graphs to show the…

A: Unemployment is a stage where a person is actively looking for a job but is not able to get one…

Q: Suppose the labor force participation rate is 60% and adult age population is 150 million calculate…

A: The labor force participation rate is calculated by the ratio of the labor force and the total…

Q: Using the labor-leisure trade-off model: A. Graph and explain how a typical worker chooses how many…

A: Labor and leisure have a classic trade-off. The income and wage are the parameters in this model. A…

Q: what is a labour related theory

A: Why one had to look at the sphere of production? As per Karl Marx version of economics, People…

Q: According to the Bureau of Labor Statistics, if you voluntarily leave your job. then you O are…

A: If I voluntary leave the job, then I will be counted as unemployed in the labour market survey. I…

Q: What is the sectoral shifts hypothesis?

A: The unemployment is the most dangerous and negative impact on the economy where the economy can…

Q: Human capital theory argues that variations in wages are due to skill differences between workers. O…

A: The economies have various entities, where each entity work with their own motive. The collective…

Q: What economic factors determine whether a person participates in the labor force?

A: Labour force refers to the total adult population which is employed or unemployed.  When a person…

Q: Humanity is faced with a tough choice, work or leisure. Within the theory of consumer behaviour,…

A: Consumer optimization occurs where the budget line is tangent to the indifference curve. The…

Q: List three steps you can take to help make the leap fromconsumer to business professional.

A: The three steps are listed below: ·         The idea of business should be completely clear to…

Q: Why did the labor force participation rate of women increase so much in the past century?

A: The labor force is the number of people working and disadvantaged. The labour force inclusion rate,…

Q: Suppose the labor force participation rate is 40% and adult age population is 100 million calculate…

A: Given,  Labor force participation rate LFPR = 40% or 0.4  Adult age population = 100 million

Q: Do each of the following shift labor demand or labor supply? An increase in the labor force? an…

A: Shift in the labor demand curve occurs because of different reasons such as change in quantity…

Q: Name  and explain the two categories of persons in the labor force.

A: Naming the categories of persons in labour force :-Labour Force:- It refers when  the members of any…

Q: Which among the following factors is NOTa reason why the labour force participation for women has…

A: The labor force encompasses all people who work for a living, whether as employees, employers, or…

Q: Participation in the labor force is much lower than it has historically been. How have government…

A: Labor participation has been historically low due to heavy machineries replacing the need for human…

Q: Define the contingent worker?

A: Contingent workers are defined as freelancers, independent contractors, consultants, or other…

Q: Q)If a country's working-age population declines and its wealth increases, then the labor supply…

A: In a labor market, any change in income of the worker and the availability of the worker will affect…

Q: Marx writes that “labour itself, … insofar as its purpose in general is the mere increase of wealth…

A: Karl Marx is one of the famous classical economists who highighted on the class struggle that arises…

Q: What is the Global Gender Gap Index?

A: Global Gender Gap Index evaluates the average income earned by female to the income earned by male.

Q: one of the factors that may have contributed to the increase in female labour force participation…

A: The labour force participation rate, which shows the economy's workforce that desire to work. It is…

Q: why in her calculation of the cost of going to college, an economist would include the amount of…

A: Economic cost= Accounting cost+Opportunity cost.

Q: Between 1980 and 2015, by how many percentage did the labor force participation rate of men change?…

A: For men, Old participation rate in 1980 is 77.4 New participation rate in 2015 is 69.1 The…

Q: What does the term "family wage economy" mean based on Ruiz's chapter "The Flapper and the…

A: The economics as a study is based upon the idea that the resources which are present with the…

Q: The labor force is made up of all people who are at least 16 years old and are capable of working.…

A: (Q) The labor force is made up of all people who are at least 16 years old and are capable of…

Q: The following graph shows, in percentages, how much of the paid labor force in the United States…

A: In the graph, the yellow bar shows the number of women employed whereas the blue bar shows the…

Q: What accounts for the backward bending Labour supply curve?

A: A backward-bending supply curve of labor, or backward-bending labor supply curve, is a graphical…

Q: In Spain what is the gender differences in earnings?

A: The gender difference is the difference between the male and female sexes of individuals. There are…

Q: Suppose that a person's life is divided into two periods. A period of poor economic times, when this…

A: Given information Earning per hour in good economic times =$42 per hour. Earning per hour in poor…

Q: What is the formula for total factor productivity? What will be happened when the labour input is…

A: In an economy, total factor productivity refers to an economic measure that is used to define the…

Q: Which of the following events will shift the laborsupply curve to the right?a. More dads leave the…

A: Supply: It refers to the goods and services which is being supplied in the economy by the producer.…

Q: What is the "intertemporal labor substitution" effect (also known as the "Uber" effect)? Although…

A: Labor's intertemporal substitution model is based on closed economy theories. In an associate open…

Q: Why are labour markets imperfect? Give five reasons.

A: Labor markets are imperfect since the wages anticipated by Marginal revenue product theory are not…

Q: Suppose than an economy has output Y = AKO.5L0.5, that Y equals $20 trillion, capital K is $25…

A: The productivity of all inputs is referred to as total factor productivity (TFP). TFP measures an…

Q: Which has held a larger impact in the united states within this past century, added worker or…

A: Added worker effect and discourage worker effect on the field of employment has changed over the…

Q: What impact does technological change have on employment?

A: Technology refers to the process that a firm used to turn inputs into outputs of goods and services.…

Q: If birth rates go up, what happens to the size of the labor force in the future?

A: Birth-rate is defined in a standard way is the increment in new lives among thousands of population…

Q: Why does the salary gap persist?

A: Wage discrimination happens when, because of the activity of the work market, comparable laborers…

Q: xplain how the optimal consumption of goods and leisure is reached in the labour market. Support…

A: Optimal consumption of goods and leisure is reached where the consumer utility is maximum.

Q: What are the noneconomic effects of unemployment?

A: Unemployment refers to people who are employable and actively looking for work but are unable to…