Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 22, Problem 2MCQ
To determine
The definition of marginally attached workers.
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Define skill set.
A. training provided by a job
B. skills that have not yet developed in an employeeC. high-paying jobs that require a large number of skillsD. range of developed skills and abilities
John works for a government agency in California making $70,000 per year. He is being transferred to a branch office in Tennessee. The salary reduction associated with transfer is 11%. The Cost of Living Index (similar to consumer price index or equipment price index) in California is 132 whereas the Cost of Living Index in Tennessee is 95.
a. How much extra income does John made as a result of the reduced Cost of Living?
b. What is the adjusted salary of John based on the Cost of Living?
A______ is a person who was employed in the civilian labor force and was either fired or laid off
Chapter 22 Solutions
Foundations of Economics (8th Edition)
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