MACROECONOMICS >C< W/MYECONLAB
18th Edition
ISBN: 9781323886038
Author: Pearson
Publisher: Pearson Custom Publishing
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Chapter 13, Problem 1.2P
Sub part (a):
To determine
Labor force participation, labor supply, and
Sub part (b):
To determine
Labor force participation, labor supply, and unemployment.
Sub part (c):
To determine
Labor force participation, labor supply, and unemployment.
Sub part (d):
To determine
Labor force participation, labor supply, and unemployment.
Sub part (e):
To determine
Labor force participation, labor supply, and unemployment.
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Consider an economy with two labor markets: one for manufacturing workers and one for service workers. Suppose initially that neither is unionized.
Which of the following will happen to the manufacturing labor market if manufacturing workers formed a union? Check all that apply.
The wage of manufacturing workers will fall.
The demand for manufacturing workers will remain unchanged.
The supply of manufacturing workers will increase.
Some manufacturing workers will become unemployed.
Which of the following describes the effect of the changes in the manufacturing labor market on the market for service workers, which is
not unionized? Check all that apply
The wage of service workers will fall.
The supply of service workers will remain unchanged.
The demand for service workers will remain unchanged.
There will be an increase in employment in the service sector.
Which of the following could shift the labor supply curve and increase employment?
a.
increased federal funding for education
b.
increased spending on training
c.
an increase in income tax rates
d.
an increase in the number of firms
e.
a decrease in income tax rates
Consider an economy with two labor markets: one for manufacturing workers and one for service workers. Suppose initially that neither is unionized.
Which of the following will happen to the manufacturing labor market if manufacturing workers formed a union? Check all that apply.
The wage of manufacturing workers will fall.
The demand for manufacturing workers will remain unchanged.
The supply of manufacturing workers will increase.
Some manufacturing workers will become unemployed.
Which of the following describes the effect of the changes in the manufacturing labor market on the market for service workers, which is
not unionized? Check all that apply.
The wage of service workers will fall.
The supply of service workers will rise.
The demand for service workers will fall.
There will be an increase in employment in the service sector.
Chapter 13 Solutions
MACROECONOMICS >C< W/MYECONLAB
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