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__________________________ __________________________ occurs as the result of a set of workers skills becoming obsolete.
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- (24) As a result of the changes in the short run, what happens to wages? Group of answer choices (A) The go up. (B) The go down. (C) They stay the same.Automated for the people Automation risk by job type, % 10 20 30 40 50 60 Food preparation Construction Cleaning Driving Agricultural labour Garment manufacturing Personal service Sales Customer service Business administration Information technology Science & engineering Healthcare Hospitality & retail management Upper management & politics Teaching Source: OECD Economist.com Looking at the chart above Describe how technology is projected to affected the demand and supply of workers. Which industries are project to replace workers with machines?The inverse labor demand function is W = 200 – 2L, where W is the wage and L is labor. Labor revenue is WL, and labor supply is W = 2L. (a) Suppose that the labor market is competitive. What is the wage? Employment? (b) Now suppose that a union dominates the labor market. What is the wage? Employment? (c) What do you conclude about the impact of unions on labor markets?
- People in which of the following categories are a subset of a marginally attached ? (a) discouraged workers (b) underemployed workers (c) workers with part time employment that work to full time (d) workers with jobs for which they are over qualifiedQuestion 27 What is an example of general job training? attending an industry learning how to weld learning how to use a forklift reading a book on techniques for managing large groups of workers involved ointeam projects All of these are examples of general job training. ron best practicesAverage yearly earnings (thousands) $160 140- 120 100 80 60 40 20 D 0- 25-34 35-41 45-54 55-64 65+ Age group Refer to Exhibit 12.5, which shows age, education, and pay among workers. Which education level is represented by point A? bachelor's degree. No education level is represented. high school diploma. O professional degree. O no high school diploma.
- 15) In a competitive labour market, firms will hire labour up to the point where themarginal revenue product of labour equals(a) total labour cost.(b) the wage rate.(c) the marginal product.(d) the price of the product.Reference: Use the following table to answer questions 1 - 4. Labor Quantity 1 20 50 3 90 4 125 5 140 6 150 (1)The marginal productivity of the third worker is (a) 30 (b) 40 (c) 50 (d) 90 (2)The average productivity of the fifth worker is (a) 20 (b) 28 (c) 30 (d) 140 (3)Marginal productivity is maximized with the worker. (a) second (b) third (c) fourth (d) sixth (4)Average productivity is maximized with the worker. (a) second (b) third (c) fourth (d) sixthPay and equity concerns are often potential areas of disagreement between employers and trade unions during wage negotiations.(a) Explain the main issues and concerns for the employer.
- Pre-Test: Basic Writing Level II Hunga 9. Pre-Test: Writing Coherent Paragraphs Which organizational strategy is used in the following passage? To the left of the front door sits an old grandfather clock, no longer the keeper of time as it once was. In the center of the room is a set of furniture covered in dusty white sheets. The fireplace, which the couch and chairs all face, looks as if it has not been used in decade. Time order. Spatial order Order by emphasis Order of importance Which of the sentences below would fit best at the end of this passage, which is ordered by importance? Cheating in college can have serious consequences. Getting caught can result in a failing grade for both the assignment and the class in which the student was dishonest. The incident may also be reported on his or her permanent academic record. Once, there was a reporter for a national newspaper who was caught cheating, and it turns out he cheated in college, too. The most serious consequence of all,…#ofworkers(labor). Total#of lawns mowed/hr(product) 0 0 1 22 53 8 4 15 5 22 6 26 7 28 The table above shows the total product schedule for Rick's Lawn Service, a yard care company. Increasing marginal returns: a)end when the fourth worker is hired. b)occur at all levels of employment. c)occur as long as output increases. d)end when the second worker is hired. e)never occur.A college education will more than likely lead to a higher lifetime stream of earnings (all things being equal) for those who obtain one. True False