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18.Refer to Table 20-1.The unemployment rate of Aridia in 2010 wasa.10%.b.12.5%.c.14.3%.d.80%.ANS:BPTS:1DIF:2REF:20-1
19.Refer to Table 20-1.The unemployment rate of Aridia in 2011 wasPTS:1DIF:2REF:20-1
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20.Refer to Table 20-1.The unemployment rate of Aridia in 2012 wasPTS:1DIF:2REF:20-1
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21.Refer to Table 20-1.The unemployment rate of AridiaPTS:1DIF:2REF:20-1
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22.Refer to Table 20-1.The labor-force participation rate of Aridia in 2010 wasa.70%.b.77.8%.c.80%.d.87.5%.ANS:CPTS:1DIF:2REF:20-1
23.Refer to Table 20-1.The labor-force participation rate of Aridia in 2011 wasPTS:1DIF:2REF:20-1
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24.Refer to Table 20-1.The labor-force participation rate of AridiaPTS:1DIF:2REF:20-1
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ECON 104 INTRODUCTORY MACROECONOMIC ANALYSIS AND POLICY MIDTERM 2 REVIEW QUESTIONS_ANSWERSd. Line A is the labor force participation rate, and line B is the unemployment rate.Answer: A37.The Bureau of Labor Statistics counts discouraged workers as
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38.Sandy has graduated from college and is devoting her time to searching for a job. She has seen plenty of openingsbut has not yet been offered one that best suits her tastes and skills. Sandy is
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39.Minimum-wage laws can keep wagesa. above equilibrium and cause a surplus of labor.b. above equilibrium and cause a shortage of labor.c. below equilibrium and cause a surplus of labor.d. below equilibrium and cause a shortage of labor.Answer: A
Table 28-8Below is data about the labor market in the state of Northwoods.WageQuantity DemandedQuantity Supplied$1080,000120,000$990,000110,000$8100,000100,000$7110,00090,000$6120,00080,00040.Refer to Table 28-8.If the state government imposed a minimum wage of $8, how many people would beunemployed?
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41.Refer to Table 28-8.If the state government imposed a minimum wage of $10, how many people would beunemployed?
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