Exam (elaborations)
Test Bank for Economics Chapter 9: Labor 9th Edition by George Borjas
- Course
- Institution
Test Bank for Economics Chapter 9: Labor 9th Edition by George Borjas
[Show more]
Content preview
Test Bank for Economics Chapter 9:Labor 9th Edition by George Borjas
What constitutes he labor force? - ANSThe US government defines the labor force as people 16
years or older who have worked at least 1 hour for pay in the last week, worked 15 hours or
more per week without pay in a family business, or held a job, but didn't work because of
sickness, vacation, a labor dispute, or weather.
How and when is labor force data computed? - ANSMonthly by the Bureau of Labor Statistics
(BLS)
Who determines the (un)employment rates? - ANSBLS
Unemployment - ANSPeople out of work who are actively looking for work
What is the current unemployment rate? - ANS5.1%
Why has the labor force increased since 1950? - ANSThe population has doubled, the economy
has grown, and 61% of all women are in the workplace
What are the four types of occupations? - ANSWhite Collar, Blue Collar, Service, Farm-Related
Occupations
White Collar - ANSTends to be professional, technical, clinical, sales, and managerial positions
Blue Collar - ANSManual labor, machine operations, and craft type jobs.
Service Jobs - ANSIncludes police, firefighters, building service workers, restaurant workers
Farm Related Occupationa - ANSFarmers, farm workers, and operators.
Approximately what percentage of workers were white collar before the 2008 recession? -
ANS60%
What's the fastest growing job category? - ANSService Workers
What occupation category has slowly grown? - ANSBlue Collar
Which job category has declined? By what percent? - ANSFarm Workers; 0.5%
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AllLegitExams. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now