ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Location Quotient is defined as a statistic which is used to measure the industrial specialization of a region compared to a larger geographical area, such as a nation.
Given,
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- QUESTION 2 Country A's labor market displays the following data: Working age population: 10000 Labor Force: 7000 Unemployed: 1000 Vacancies: 800 What is the employment to population ratio? If your answer is - for example - 0.467, i.e. 46.7%, report 0.467 (3 decimals)arrow_forwardWhat is number 1 and number 3?arrow_forwardMark graduated from college as an accountant. He currently works at Starbucks. Which of the following statements is true? Question 40 options: a) Mark is underemployed and counted as unemployed b) Mark is a discouraged worker and counted as employed c) Mark is underemployed and counted as employed d) Mark is a discouraged worker and counted as employedarrow_forward
- Question 52 Which of the following does not cause the labor demand curve to shift? Group of answer choices Changes in the wage rate Changes in the price of the firm’s good or service Increases in technology Increases in the firm’s capitalarrow_forwardSuppose that education is the only factor that affects productivity and that an additional year of education raises wages by 2%. Suppose in 2011 gender wage gap was 13%, and the average man had 15 years of education while the average women had 14 years of schooling. a) Using the wage gap decomposition technique, calculate how much of the 13% wage differential is due to discrimination? b) Now suppose in 2021 the gender wage gap is 10%, but the average woman’s education level is increased to 17 year and the average man’s education increases to16 years. (Assume that the return to education stays same at 2%), Was there a decrease or an increase in wage discrimination in the decade? Why?arrow_forwardSam was offered a new job that pays 20% more than his current job. He decided to reject the offer because he prefers the convenience of working from home in his current job. This is an example of: Compensating Wage Differentials Occupational Wage Structure Equalizing Differences Personal Characteristics Union Regulationsarrow_forward
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