If the number of people employed rises by 180,000 and the number of people unemployed falls by 200,000 while the adult population stays the same, then the labor force participation rate rises
a. True
b. False
Indicate whether the statement is true or false
False
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There is some evidence that demographic changes in the composition of the workforce are ________ the growth rate of labor quality, and thus ________ the growth rate of output per labor hour
A) raising, decreasing B) raising, increasing C) lowering, decreasing D) lowering, increasing
In exchange of an auto insurance policy, Brenda pays AAA Insurance $1,000 annually. Which term refers to Brenda’s payment?
a. Copayment b. Premium c. Collateral d. Deductible
Larger increases in the demand for labor than in the supply of labor explain:
A. the substantial increase in real wages. B. skill-biased technological change. C. the slowdown in real wage growth. D. increasing wage inequality.
In markets with incomplete information, middlemen tend to ________ total economic surplus by ________.
A. reduce; giving misleading information B. increase; matching sellers with buyers who have high reservation prices C. increase; raising prices D. reduce; raising prices