Homework Ch 15 - c A stagecoach industry worker laid off...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Homework Ch 15: Unemployment Q1. The BLS announced that in April 2010, of all adult Americans, 139,455,000 were employed (I), and 15,260,000 were unemployed (II), and 82,614,000 were not in the labor force (III). Use this information to calculate: a. Adult population: I + II + III b. Labor force: I + II c. Labor force participation rate: (I + II)/( I + II + III) × 100 d. Unemployment rate: II/( I + II) × 100 Q5. Are the following workers more likely to experience short term or long term unemployment? Explain. a. A construction worker laid off because of bad weather b. A manufacturing worker who loses her job at a plant in an isolated area
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: c. A stagecoach industry worker laid off because of competition from railroads d. A short order cook who loses his job when a new restaurant opens across the street e. An expert welder with little formal education who loses her job when the company installs automatic welding machinery 2 Q6. Using a diagram of the labor market, show the effect of an increase in the minimum wage on the wage paid to workers, the number of workers supplied, the number of workers demanded, and the amount of unemployment. 3...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern