AK_Chapter_09 - Chapter 9 Questions for Review 1. Employed...

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Chapter 9 Questions for Review 1. Employed E, unemployed U, or not in the labour force. Labour force = E + U. The unemployment rate = E/(E+U), in percentage form. The labour-force participation rate (labour force)/(all adult population), in percentage form. 2. If you are in labour force, you not only earn salary but also collect EI in case you need to. 3. Economy is always changing. Improve information about vacancies. Have public training programs. 4. Teenagers. Their wages are low enough to be affected by the minimum wage. 5. Via the effect on insiders (better wage) and outsiders (lower employment). the natural rate of unemployment is higher. 6. Unions are an antidote to the market power of the firms. 7. healthier and more productive workers; worker turnover reduced; worker effort increased; attract higher quality workers. Problems and Applications 1. Labour force = 17,641,200. Labour-force participation rate= 67.1 percent. Unemployment rate = 6.1 percent.
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This note was uploaded on 06/27/2010 for the course ECONOMCIS Econ103 taught by Professor D.allen during the Winter '08 term at Simon Fraser.

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AK_Chapter_09 - Chapter 9 Questions for Review 1. Employed...

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