Q. 1. Use economic reasoning (economic theory) to explain why the labor force participation rate for married women and never-married women might differ.

2. Use indifference curve analysis to show how the availability of Social Security pensions and the application of the earnings test are likely to decrease hours worked and labor force participation of the elderly.

The economic model of Human Capital Investment assumes that individuals choose their path through post-secondary education based solely on which path will provide them with the highest lifetime income. In reality, individuals often choose a path through post-secondary education that does not maximize their lifetime income, as a result of various factors. Consider Alex, an individual whose path through post-secondary education did not maximize their lifetime income. For each of the following potential reasons, construct a brief story that relates that reason to Alex's choice of post-secondary education. a) Utility/disutility from education b) Relationship between job satisfaction and education c) Uncertainty of different income streams d) Difficulty of financing human capital investments E.g. If the reason is "incomplete information", a potential answer would be: "Alex's high school guidance counsellor gave them a list of potential university programs that suited their strengths.…

If a negative income tax is adopted, work effort will decrease if 1. 2. 3. Leisure is inferior Leisure is normal The income effect offsets the substitution effect (a) 1 only (b) 2 only (c) 3 only (d) 1 and 3 only (e) 2 and 3 only Use a labor-leisure choice diagram to explain your answer.

The normal life cycle pattern of income reflects differences in earnings based on: a. age and education. b. race. c. household size. d. race and education. e. gender and education.

6 45:42 labor force is 180 million. The number of employed workers in this economy is Multiple Choice 166.5 million. 13.5 million. 174.6 million. 15.7 million.

4.15 please help and explain

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20.7   Essay: How Economic Inequality Arises 1) What is "human capital" and why is it considered an investment? 2) What is "human capital"? How is it important in the determination of a worker's wage rate? 3) How is human capital acquired? 4) How does the demand for high-skilled workers compare to the demand for low-skilled workers? Why does this difference exist? 5) How does an increase in the cost to acquire a skill affect the vertical distance between the supply curves of high-skilled and low-skilled workers?

23. What is the most important variable in determining an individual's earnings and career prospects in the present-day United States? a. Race b. Gender c. Educational attainment d. Family background e. Dumb luck