1) Which of the following is NOT an advantage of temporary workers? A. Objective perspective from the temporary workers. B. Higher quality of service provided by temporary workers. C. High flexibility D.Companies free from administrative tasks E. Reduced training cost
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- Automated for the people Automation risk by job type, % 10 20 30 40 50 60 Food preparation Construction Cleaning Driving Agricultural labour Garment manufacturing Personal service Sales Customer service Business administration Information technology Science & engineering Healthcare Hospitality & retail management Upper management & politics Teaching Source: OECD Economist.com Looking at the chart above Describe how technology is projected to affected the demand and supply of workers. Which industries are project to replace workers with machines?9. Structural unemployment occurs becauseA. it takes time for workers to search for the jobs that best suit their tastes and skills.B. minimum wage laws force the wages to remain above their equilibrium levels.C. some people are economically inactive.D. the number of jobs available in some labour markets is insufficient to provide a job for everyone who wants one. PROVIDE A BRIEF WRITTEN EXPLANATION JUSTIFYING YOUR CHOICE.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
- Chose the trrue statement. a. Sincce the mid 1800ss , Unitedd States of America has experienced substantial migration in workforce in the following order: From service sector to agriculture, and then from agriculture to manufacturing. b. Moderniization or advances in technology, and smarrter processes are example factors that have increased manufacturing productivity in the US. c. The Clarrk-Fisher hypothhesis implies that as productivity increases in one sector, the labor force moves to another sector. d. b and c are true.Private sector employmnet in Palestine in 2019 constitutes a. roughly 50 percent of total employment O b. more than 75 percent of total employment С. about 10 percent of total employment d. Between 60 - 70 percent of total employmentExplain this two causes of unemployment 1. Exportation of jobs to the development world 2. Overpopulation
- QUESTION ONEa) When do individual(s) belong to a labour force of a country? Does the size of the labour force say something about the intensity of work in the labour market? Explain.b) Use the knowledge of economics to discuss factors to analyse factors that affect people’s’ decision to work.c) When is the firm operating in the short run and when does it operate in the long run? d) Discuss the factor(s) that determine how many workers the firm wishes to hire in the long run.e) In words, explain the difference between real and nominal wages.f) Suppose a firm purchases labour in a competitive labour market and sells its product in a competitive product market. The firm’s elasticity of demand for labour is 0.4. Suppose further that the wage increases by 5 percent. What will happen to the amount of labour hired by the firm?23. What is the most important variable in determining an individual's earnings and career prospects in the present-day United States? a. Race b. Gender c. Educational attainment d. Family background e. Dumb luckIt is difficult for cyclically unemployed persons to find jobs because (a) they typically do not meet the qualifications required for the available jobs (b) the economy is in a recession (c) they voluntarily quit their last jobs and employers may view them as unreliable (d) trade unions militancy in wage negotiations
- A______ is a person who was employed in the civilian labor force and was either fired or laid offAverage yearly earnings (thousands) $160 140- 120 100 80 60 40 20 D 0- 25-34 35-41 45-54 55-64 65+ Age group Refer to Exhibit 12.5, which shows age, education, and pay among workers. Which education level is represented by point A? bachelor's degree. No education level is represented. high school diploma. O professional degree. O no high school diploma.What is the difference between being unemployed and being out of the labor force?