EBK FOUNDATIONS OF ECONOMICS
8th Edition
ISBN: 8220103632225
Author: PARKIN
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 22, Problem 2MCQ
To determine
The definition of marginally attached workers.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Give typing answer with explanation and conclusion
Define skill set.
A. training provided by a job
B. skills that have not yet developed in an employeeC. high-paying jobs that require a large number of skillsD. range of developed skills and abilities
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?
Knowledge Booster
Similar questions
- A______ is a person who was employed in the civilian labor force and was either fired or laid offarrow_forwardAn unemployed person is A person who wants a to work but does not look for oneA person who is actively seeking a paid jobA university graduateA volunteer who does charity workarrow_forwardNick is a 75-year-old professor. He teaches only one or two courses a year, but he's still pursuing an active research agenda. Not in the labor force Rosa is a 36-year-old autoworker who was just laid off by her employer. She is trying to find any kind of job to help make ends meet. Not in the adult population Tim is a 43-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago. Crystal is a 31-year-old science teacher who taught at West Valley Middle School last year. Due to budget cuts, she was laid off at the end of the school year. It's the summer now, and after a few weeks of vacation with her family, she is looking for a part-time job as a tutor. Brian is a 20-year-old American Studies major at the University of Tennessee. It's summer now, and he is working as a lifeguard in Mobile, Alabama. Alyssa is a 12-year-old student at East Valley Middle School. She…arrow_forward
- A job seeker is one who is at least 17 years old and looking for a job. O True Colcearrow_forwardplease don't copy from chegg otherwise I will give you downvote I want you answer in detail. I'm not satisfied with other answer. if you are not sure do not answer. Suppose there is a town with 800,000 people. 200,000 of these people work full-time while 240,000 work part-time. 180,000 of these part-time workers want to work more hours, but are not permitted to do so by their respective employers. Another 85,000 individuals in this town are under the age of 16. 275,000 other individuals are currently not working. 215,000 of these individuals are actively seeking work, while 60,000 individuals have given up looking for a job. Of the 215,000 who are actively seeking work, 150,000 lost their jobs due to the effects on business losing demand due to COVID-19. 30,000 of the 215,000 lost their jobs due to technological advancements, and the remaining 35,000 are not working due to normal turnover in the labor force. Solve for the labor force in this community. Solve for the number of people…arrow_forwardQUESTION 1 All of the following are reasons why prime age men are not working EXCEPT a rise in the number who are receiving disability benefits a mismatch between the skills that workers have and the skills required for current job openings having a criminal record makes it more difficult to find an employer who is willing to hire a falling number of job openings makes it harder to find a jobarrow_forward
- Economics It is observed that different types of job positions should be given rewards and compensation structure based on the nature of their job. Develop a basic Rewards and Compensation plan (including compensation and non-compensation elements) for following job positions: a) Accountant at XYZ private company b) Marketing and Sales executive at a call centerarrow_forwardExplanation it correctlyarrow_forwardHow should the situation be rectified to return to full employment?arrow_forward
- Detail explanation low starting pay compounded by stagnant wage growth related with fresh graduate.arrow_forwardQ51 A farmer named Chris Freeland who has fixed amounts of land and capital finds that total product is 24 for the first worker hired, 32 when two workers are hired, 37 when three are hired, and 40 when four are hired. The farmer's product sells for $5 per unit, and the wage rate is $13 per worker. How many workers should Chris Freeland the farmer hire? Multiple Choice 3 2 4 1 7.arrow_forwardlabour economicsarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage LearningPrinciples of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax