LABOR ECON (LECTURE 1)
問題一覧
1
______________ seeks to understand the functioning and dynamics of the markets for wage labour.
LABOR ECONOMICS
2
____________ studies how labor markets work.
LABOR ECONOMICS
3
__________ is the study of economic behavior of employers and employees in response to changing prices, profits, wages, and working conditions.
LABOR ECONOMICS
4
__________ seeks to understand the functioning of the market and dynamics for labour.
LABOR ECONOMICS
5
_____________ function through the interaction of workers and employers.
LABOR MARKETS
6
_____________ looks at the suppliers of labor services (workers), the demanders of labor services (employers), and attempts to understand the resulting pattern of wages, employment, and income.
LABOR ECONOMICS
7
It is an important subject because unemployment is a problem that affects the public most directly and severely.
LABOR ECONOMICS
8
____________ or reduced unemployment) is a goal of many modern governments.
FULL EMPLOYMENT
9
_______________ is an economic concept that refers to the inputs needed to produce goods and services.
FACTORS OF PRODUCTION
10
______________ refers to the effort that individuals exert when they produce a good or service.
LABOR
11
_________ techniques study the role of individuals and individual firms in the labour market.
MICROECONOMIC
12
____________ techniques look at the interrelations between the labour market, the goods market, the money market, and the foreign trade market. It looks at how these interactions influence macro variables such as employment levels, participation rates, aggregate income and Gross Domestic Product.
MACROECONOMICS
13
__________ is a derived demand; that is, hiring labour is not desired for its own sake but rather because it aids in producing output, which contributes to an employer's revenue and hence profits.
LABOUR DEMAND
14
______________ is calculated by multiplying the price of the end product or service by the Marginal Physical Product of the worker.
MARGINAL REVENUE PRODUCT
15
If the MRP is greater than a firm's Marginal Cost, then the firm will employ the worker since doing so will increase profit.
TRUE
16
While as a rule, workers exhibit different characteristics, attitudes, traits and beliefs from one another, nevertheless, they have common aspirations.
TRUE
17
efficient & responsible workers find happiness & satisfaction in a job well done
SATISFACTION
18
as human beings, workers clamor for a recognition for a job well done (praises or monetary rewards)
RECOGNITION
19
realization of dreams of becoming better individuals through their contribution to production
FULFILLMENT
20
people work well because they feel a sense of challenge, accomplishment and service to others
ACHIEVEMENT
21
to be treated with decency and with respect.
HUMANE TREATMENT
22
_________ is defined as the number of individuals age 16 and over, excluding those in the military, who are either employed or actively looking for work.
LABOR FORCE
23
The _______________ is the number of people in the labour force divided by the size of the adult civilian non-institutional population (or by the population of working age that is not institutionalised).
PARTICIPATION RATE
24
The _____________ includes those who are not looking for work, those who are institutionalised such as in prisons or psychiatric wards, stay-at home spouses, children, and those serving in the military.
NONLABOUR FORCE
25
Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work.
TRUE
26
The ______________ is defined as the labour force minus the number of people currently employed.
UNEMPLOYMENT LEVEL
27
The _____________ is defined as the level of unemployment divided by the labour force.
UNEMPLOYMENT RATE
28
The ______________ is defined as the number of people currently employed divided by the adult population (or by the population of working age). In these statistics, self- employed people are counted as employed.
EMPLOYMENT RATE
29
This reflects the fact that it takes time for people to find and settle into new jobs. If 12 individuals each take one month before they start a new job, the aggregate unemployment statistics will record this as a single unemployed worker.
FRICTIONAL UNEMPLOYMENT
30
Technological advancement often reduces frictional unemployment, for example: internet search engines have reduced the cost and time associated with locating employment.
TRUE
31
This reflects a mismatch between the skills and other attributes of the labour force and those demanded by employers.
STRUCTURAL UNEMPLOYMENT
32
Rapid industry changes of a technical and/or economic nature will usually increase levels of ____________________ on of new machinery or software will require future employees to be trained in this area before seeking employmen
STRUCTURAL UNEMPLOYMENT
33
The process of globalization has contributed to structural changes in labour, some domestic industries such as textile manufacturing have expanded to cope with global demand, whilst other industries such as agricultural products have contracted due to greater
STRUCTURAL UNEMPLOYMENT
34
This is the summation of frictional and structural unemployment, that excludes cyclical contributions of unemployment e.g. recessions. It is the lowest rate of unemployment that a stable economy can expect to achieve, seeing as some frictional and structural unemployment is inevitable.
NATURAL RATE OF UNEMPLOYMENT
35
In Keynesian economics, any level of unemployment beyond the natural rate is most likely due to insufficient demand in the overall economy.
DEMAND DEFICIENT UNEMPLOYMENT
36
During a recession, ______________, is deficient causing the underutilization of inputs (including labour).
AGGREGATE EXPENDITURE
37
- The most important actor; without workers,
there is no “labor”.
- Desire to maximize utility (i.e., to optimize by selecting the best option from available choices).
- Supplies more time and effort for higher payoffs, causing an upward sloping labor supply curve.
WORKERS
38
- Decide who to hire and fire.
- Motivated to maximize profits.
- Relationship between price of labor and the number of workers a firm is willing to hire generates the labor demand curve.
FIRMS
39
- Imposes taxes, regulations.
- Provides ground rules that guide exchanges made in labor markets.
- Subsidize training in profession that the economy or society has a shortage for either for currently or future.
GOVERNMENT
40
- Alter immigration rules to augment
immediate labor market needs
- Legislate laws to address solutions to the various problems in the labor market
GOVERNMENT
41
- Addressesthefacts
- Focuson“whatis”
- Questions answered with the tools of economists
POSITIVE ECONOMICS
42
- Addresses values
- Focuson“whatshouldbe”
- Requires judgments
NORMATIVE ECONOMICS
43
The country's unemployment rate dropped to 6.0 percent in May 2022.
POSITIVE ECONOMICS
44
The government must take action in order to reduce unemployment rate.
NORMATIVE ECONOMICS
45
IDENTIFY
BLUE-COLLAR JOB
46
IDENTIFY
WHITE-COLLAR JOB
47
• Price employers pay for labor.
• It may take form of bonuses, royalties,
commissions and salaries.
• Used to mean wage rate or price paid per unit of labor time.
WAGES
48
_____________ are the amount of money received per hour, per day, per week, and so on.
NOMINAL WAGES
49
_____________ are the purchasing power of the wage, i.e., the quantity of goods and services that can be obtained with the wage.
REAL WAGES
50
____________ depend on one’s nominal wage and the price level of the goods and services that will be purchased.
REAL WAGES
WORLD BANK AND IMF (FROM WEB)
WORLD BANK AND IMF (FROM WEB)
Honey Joy T. Dallego · 21問 · 2年前WORLD BANK AND IMF (FROM WEB)
WORLD BANK AND IMF (FROM WEB)
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MONEY SUPPLY CREATION
Honey Joy T. Dallego · 32問 · 2年前MONEY SUPPLY CREATION
MONEY SUPPLY CREATION
32問 • 2年前WORLD BANK AND IMF (FROM WEB)
WORLD BANK AND IMF (FROM WEB)
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WORLD BANK AND IMF (FROM WEB)
21問 • 2年前INTRO TO ETHICS
INTRO TO ETHICS
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INTRO TO ETHICS
28問 • 2年前CLASSIFICATION OF ETHICAL ETHICS
CLASSIFICATION OF ETHICAL ETHICS
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15問 • 2年前NATURE OF MOTAL STATEMENTS
NATURE OF MOTAL STATEMENTS
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NATURE OF MOTAL STATEMENTS
5問 • 2年前ACCOUNTABILITY & RESPONSIBILITY
ACCOUNTABILITY & RESPONSIBILITY
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ACCOUNTABILITY & RESPONSIBILITY
15問 • 2年前UTILITARIANISM
UTILITARIANISM
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UTILITARIANISM
22問 • 2年前VIRTUE ETHICS
VIRTUE ETHICS
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VIRTUE ETHICS
9問 • 2年前7 STEPS MORAL REASONING
7 STEPS MORAL REASONING
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7 STEPS MORAL REASONING
8問 • 2年前Lesson Engagement & Exploration
Lesson Engagement & Exploration
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Lesson Engagement & Exploration
25問 • 2年前Water Supply
Water Supply
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Water Supply
13問 • 2年前The Building Water Supply System
The Building Water Supply System
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The Building Water Supply System
13問 • 2年前General Water Distribution
General Water Distribution
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General Water Distribution
32問 • 2年前SOCSCI 12
SOCSCI 12
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SOCSCI 12
72問 • 2年前AGRI ECON
AGRI ECON
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AGRI ECON
41問 • 2年前OBLICON( Art. 1156-1160)
OBLICON( Art. 1156-1160)
Honey Joy T. Dallego · 31問 · 2年前OBLICON( Art. 1156-1160)
OBLICON( Art. 1156-1160)
31問 • 2年前CHAPTER 2
CHAPTER 2
Honey Joy T. Dallego · 26問 · 2年前CHAPTER 2
CHAPTER 2
26問 • 2年前2.2
2.2
Honey Joy T. Dallego · 18問 · 2年前2.2
2.2
18問 • 2年前AGRI ECON CHAPTER 6
AGRI ECON CHAPTER 6
Honey Joy T. Dallego · 19問 · 2年前AGRI ECON CHAPTER 6
AGRI ECON CHAPTER 6
19問 • 2年前LABOR MARKET
LABOR MARKET
Honey Joy T. Dallego · 31問 · 2年前LABOR MARKET
LABOR MARKET
31問 • 2年前KITPOGI
KITPOGI
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KITPOGI
14問 • 2年前2.3
2.3
Honey Joy T. Dallego · 38問 · 2年前2.3
2.3
38問 • 2年前PI01-CHAPTER 1
PI01-CHAPTER 1
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PI01-CHAPTER 1
14問 • 2年前RIZAL LAW
RIZAL LAW
Honey Joy T. Dallego · 30問 · 2年前RIZAL LAW
RIZAL LAW
30問 • 2年前Research 01
Research 01
Honey Joy T. Dallego · 22問 · 2年前Research 01
Research 01
22問 • 2年前問題一覧
1
______________ seeks to understand the functioning and dynamics of the markets for wage labour.
LABOR ECONOMICS
2
____________ studies how labor markets work.
LABOR ECONOMICS
3
__________ is the study of economic behavior of employers and employees in response to changing prices, profits, wages, and working conditions.
LABOR ECONOMICS
4
__________ seeks to understand the functioning of the market and dynamics for labour.
LABOR ECONOMICS
5
_____________ function through the interaction of workers and employers.
LABOR MARKETS
6
_____________ looks at the suppliers of labor services (workers), the demanders of labor services (employers), and attempts to understand the resulting pattern of wages, employment, and income.
LABOR ECONOMICS
7
It is an important subject because unemployment is a problem that affects the public most directly and severely.
LABOR ECONOMICS
8
____________ or reduced unemployment) is a goal of many modern governments.
FULL EMPLOYMENT
9
_______________ is an economic concept that refers to the inputs needed to produce goods and services.
FACTORS OF PRODUCTION
10
______________ refers to the effort that individuals exert when they produce a good or service.
LABOR
11
_________ techniques study the role of individuals and individual firms in the labour market.
MICROECONOMIC
12
____________ techniques look at the interrelations between the labour market, the goods market, the money market, and the foreign trade market. It looks at how these interactions influence macro variables such as employment levels, participation rates, aggregate income and Gross Domestic Product.
MACROECONOMICS
13
__________ is a derived demand; that is, hiring labour is not desired for its own sake but rather because it aids in producing output, which contributes to an employer's revenue and hence profits.
LABOUR DEMAND
14
______________ is calculated by multiplying the price of the end product or service by the Marginal Physical Product of the worker.
MARGINAL REVENUE PRODUCT
15
If the MRP is greater than a firm's Marginal Cost, then the firm will employ the worker since doing so will increase profit.
TRUE
16
While as a rule, workers exhibit different characteristics, attitudes, traits and beliefs from one another, nevertheless, they have common aspirations.
TRUE
17
efficient & responsible workers find happiness & satisfaction in a job well done
SATISFACTION
18
as human beings, workers clamor for a recognition for a job well done (praises or monetary rewards)
RECOGNITION
19
realization of dreams of becoming better individuals through their contribution to production
FULFILLMENT
20
people work well because they feel a sense of challenge, accomplishment and service to others
ACHIEVEMENT
21
to be treated with decency and with respect.
HUMANE TREATMENT
22
_________ is defined as the number of individuals age 16 and over, excluding those in the military, who are either employed or actively looking for work.
LABOR FORCE
23
The _______________ is the number of people in the labour force divided by the size of the adult civilian non-institutional population (or by the population of working age that is not institutionalised).
PARTICIPATION RATE
24
The _____________ includes those who are not looking for work, those who are institutionalised such as in prisons or psychiatric wards, stay-at home spouses, children, and those serving in the military.
NONLABOUR FORCE
25
Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work.
TRUE
26
The ______________ is defined as the labour force minus the number of people currently employed.
UNEMPLOYMENT LEVEL
27
The _____________ is defined as the level of unemployment divided by the labour force.
UNEMPLOYMENT RATE
28
The ______________ is defined as the number of people currently employed divided by the adult population (or by the population of working age). In these statistics, self- employed people are counted as employed.
EMPLOYMENT RATE
29
This reflects the fact that it takes time for people to find and settle into new jobs. If 12 individuals each take one month before they start a new job, the aggregate unemployment statistics will record this as a single unemployed worker.
FRICTIONAL UNEMPLOYMENT
30
Technological advancement often reduces frictional unemployment, for example: internet search engines have reduced the cost and time associated with locating employment.
TRUE
31
This reflects a mismatch between the skills and other attributes of the labour force and those demanded by employers.
STRUCTURAL UNEMPLOYMENT
32
Rapid industry changes of a technical and/or economic nature will usually increase levels of ____________________ on of new machinery or software will require future employees to be trained in this area before seeking employmen
STRUCTURAL UNEMPLOYMENT
33
The process of globalization has contributed to structural changes in labour, some domestic industries such as textile manufacturing have expanded to cope with global demand, whilst other industries such as agricultural products have contracted due to greater
STRUCTURAL UNEMPLOYMENT
34
This is the summation of frictional and structural unemployment, that excludes cyclical contributions of unemployment e.g. recessions. It is the lowest rate of unemployment that a stable economy can expect to achieve, seeing as some frictional and structural unemployment is inevitable.
NATURAL RATE OF UNEMPLOYMENT
35
In Keynesian economics, any level of unemployment beyond the natural rate is most likely due to insufficient demand in the overall economy.
DEMAND DEFICIENT UNEMPLOYMENT
36
During a recession, ______________, is deficient causing the underutilization of inputs (including labour).
AGGREGATE EXPENDITURE
37
- The most important actor; without workers,
there is no “labor”.
- Desire to maximize utility (i.e., to optimize by selecting the best option from available choices).
- Supplies more time and effort for higher payoffs, causing an upward sloping labor supply curve.
WORKERS
38
- Decide who to hire and fire.
- Motivated to maximize profits.
- Relationship between price of labor and the number of workers a firm is willing to hire generates the labor demand curve.
FIRMS
39
- Imposes taxes, regulations.
- Provides ground rules that guide exchanges made in labor markets.
- Subsidize training in profession that the economy or society has a shortage for either for currently or future.
GOVERNMENT
40
- Alter immigration rules to augment
immediate labor market needs
- Legislate laws to address solutions to the various problems in the labor market
GOVERNMENT
41
- Addressesthefacts
- Focuson“whatis”
- Questions answered with the tools of economists
POSITIVE ECONOMICS
42
- Addresses values
- Focuson“whatshouldbe”
- Requires judgments
NORMATIVE ECONOMICS
43
The country's unemployment rate dropped to 6.0 percent in May 2022.
POSITIVE ECONOMICS
44
The government must take action in order to reduce unemployment rate.
NORMATIVE ECONOMICS
45
IDENTIFY
BLUE-COLLAR JOB
46
IDENTIFY
WHITE-COLLAR JOB
47
• Price employers pay for labor.
• It may take form of bonuses, royalties,
commissions and salaries.
• Used to mean wage rate or price paid per unit of labor time.
WAGES
48
_____________ are the amount of money received per hour, per day, per week, and so on.
NOMINAL WAGES
49
_____________ are the purchasing power of the wage, i.e., the quantity of goods and services that can be obtained with the wage.
REAL WAGES
50
____________ depend on one’s nominal wage and the price level of the goods and services that will be purchased.
REAL WAGES