Econ Micro (book Only)
6th Edition
ISBN: 9781337408066
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 12, Problem 8P
To determine
The different inclinations that have worked against the union movements and the occurrence to the effectiveness of strikes and the reasons.
Concept Introduction:
Unionization rates: The total membership of trade unions in a profession, sector, or nation, usually expressed as a percentage of all employees
Strike: This is an industrial action taken up by the employees working in a factory or any industry as a form of protest against certain demands requested by the workforce which has been turned down by the employer.
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Research instrument/ instrumentation for these research questions:
1. What is the unemployment rate of Laborers during the COVID-19 pandemic?
2. What is the relationship between the employment rate to the financial status of the laborers in he province of La union?
3. Is there a significant difference between the factors and the cause of the change in employment rate?
3. Contrasting labour union laws in two provinces
Consider two provinces that adopt different laws concerning labour unions.
NOTE: MAKE SURE TO PROPERLY ADJUST BOTH GRAPSH. MAKE SURE YOU SHOW CLEARLY WHAT NEEDS TO BE ADJUSTED!
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?
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- G.285.arrow_forwardWhat is a labor union? What is the percentage of the labor unions in our economy during 2020? Name three labor unions that exist in today's economy.arrow_forwardWhat can we say about the wage difference between jobs that require education and those that do not? Question 28 options: It is a barrier to obtaining an education. It is not likely to be related to productivity differences. It does not affect the supply of workers in the different labour markets. It encourages workers to bear the cost of acquiring education.arrow_forward
- Real Wage Number of Workers Demanded Labor Force Participation Rate 60 120,000,000 30% 70 110,000,000 35% 80 100,000,000 40% 90 90,000,000 45% 100 80,000,000 50% 110 70,000,000 55% 120 60,000,000 60% 130 50,000,000 65% 140 40,000,000 70% 150 30,000,000 75% 160 20,000,000 80% 170 10,000,000 85% Ignore what happened in the previous question. The table above shows some pieces of information about the labor market condition in a country. It shows the number of workers demanded in the country at different levels of real wage. It also shows the labor force participation rates at those real wage levels. For example, if the real wage is 60, only 30% of the civilian population will participate in the labor force. If the real wage is 170, some 85% will participate in the labor force. The general price level in this country is P = 100. The civilian population in this country is 100 million persons. Assume that wages and prices are fully flexible upwards and…arrow_forwardIn 1972 the maximum earnings of a worker subject to Social Security tax (SST) was $9,000. The maximum earnings subject to SST in 2016 is $118,500. Whatcompound annual increase has been experienced over this 44-year period of time? How does it compare with a 3% annual increase in the consumer price index over the same period of time?arrow_forward1)A country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment. Labor Force Participation Rate= ____ %arrow_forward
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