Structural unemployment occurs because A. it takes time for workers to search for the jobs that best suit their tastes and skills. B. minimum wage laws force the wages to remain above their equilibrium levels. C. some people are economically inactive. D. the number of jobs available in some labour markets is insufficient to provide a  job for everyone who wants one.

Which one of these individuals is a part of the eligible population, but NOT part of the labor force? Select one: a. A 19 years old who is working part time in a beauty salon b. A 22 years old who is looking for a job after graduating from college but cannot find one c. A 33 years old who stays at home to take care of his kids d. A 42 years old who works in jail after committing grand larceny e. A 75 years who is still working full time as an attorney

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

"Australia has aimed to achieve full employment by implementing various employment and labor market programs". Achieving full employment would indicate that: A. Everyone in the Australian economy has a job. B. There is no unemployment in the economy. c. Australia has reached the level of employment where all workers are fully utilized, and there is no cyclical unemployment. D. Only a small percentage of the Australian workforce is unemployed.

Suppose the money wage rate rises from ​$40.00 to ​$46.20 an hour and consumer prices rises by 10 percent. What would be the effect in the labor​ market? We would expect​ _______ people to try to find a job and employed people to want to work​ _______ hours.     A. fewer​; shorter   B. more​; longer   C. the same number of​; the same number of   D. fewer​; longer The​ _______ would​ _______.     A. quantity of labor​ supplied; decrease   B. supply of​ labor; decrease   C. quantity of labor​ supplied; increase   D. supply of​ labor;

1. Individuals with less than a high school diploma a. Have lower unemployment rates and higher earnings than those with a college degree. b. Have higher unemployment rates and higher earnings than those with a college degree. c. Have lower unemployment rates and lower earnings than those with a college degree. d. Have higher unemployment rates and lower earnings than those with a college degree.