Which two of the following statements are true of the Gig Economy? a. Gig work today is often made possible by technology. b. Gig workers only work for one company or person. O c. Many workers value the flexibility allowed by these types of jobs. d. Companies generally provide benefits for gig workers.
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- Women’s rising labor force participation might either increase or reduce marriage rates. Explain why the effect could go either way.What does the term "family wage economy" mean based on Ruiz's chapter "The Flapper and the Chaperone"? (Only ONE answer is correct.) A. It means that the economic survival of the family was based on all of the wages multiple family members earned; it was not just based on the husband or father's job. B. It means that families worked together for the same company and employers gave the entire family one paycheck; people were not paid individually. C. It means that the federal and state governments only imposed income taxes on the head of the household, not on wives or dependent children. D. It means that families did not expect their teenage children to work; teenagers were expected to enjoy leisure time as often as possible.I have two questions. 1. What are three reasons a worker's wage might be above the level that balances supply and demand? 2. Explain the difference between physical capital and human capital?
- 16 Every economy comprises of people who are out of the labor force. “Out of the labor force” is an economic term that refers to _______. a. Children below the age of 14 b. People who are retired c. All of the options d. People who are not ready to workComment on the following statement. Analyze from an economic standpoint. Do you agree or disagree?a) Rising productivity means that it takes fewer workers to produce a given level of output. Productivity increases are therefore a source of unemployment“.b) It is impossible that you are worse off with a wage increase than you were before it“.If Bruce pays $2000 in tuition fees to the college, what does his opportunity cost? $2000 minus the income the student forgoes by attending school rather than working. $2000. the income the student forgoes by attending school rather than working plus his tuition fees. there is no opportunity cost since Bruce chose to study rather than working.
- What are some of the reasons that women are paid less than men, holding age and educational level constant? Please do fast ASAP fastThe statements given reflect either Micro or Macroeconomic issue. indicate in each case which you think is applicable. 1. The governor of the SARB recently announced a decrease in the repo rate( interest Rate) 2. consumption by south african household decreased in the first quater of 2020.Matt loses his job as a solar panel installer and cannot find another position with equivalent pay and benefits. As a result, he is still According to economists, which term best describes Matt? a. under employed O b. a discouraged worker O c. unemployed Od out of the labour force
- The following questions all relate to the labour market. What is the participation rate? How does it affect unemployment (all else held constant)? How does labour market flexibility affect unemployment? Give an example of a policy that increases labour market flexibility and explain how it does so. What is the idea of "efficiency wages"? Give two reasons why "efficiency wages" might be paid?You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are measured in dollars, but the benefits of the vacation are psychological. How can you compare the benefits to the costs?Fill in the blanks in the below sentences: a. The flow of people into and out of employment, changing jobs and its duration determines the level of ---(a) ---- unemployment. b. An association of workers formed to protect and improve their rights and interests by collective bargaining is called a …….(b)…….. c. Changing patterns of demand in the economy affects the labor demand, and this results in ……..(c)… unemployment. d. Change of occupations of labor is called ……(d)… labor mobility. e. Labor mobility at micro-firm level is called ………(e)…. f. The ……..(f)…. sloped labor demand curve indicates diminishing marginal product of labor (so additional employment of labor corresponds to a less output in return). g. During the collective bargaining, a trade union maximizes its utility at the point where its utility function is …….(g)…… to the labor demand curve of the employer. h. The main power of trade unions comes from collective action of workers, namely threat of ……(h)….