The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed
Explain how the unemployment rate and the labor force participation rate would change.
The unemployment rate would increase and the labor force participation rate would stay the same. The number of unemployed would rise, but the labor force would stay the same. The part-time workers who wanted to be full-time workers would simply go from being employed to unemployed. With no change in the labor force, the labor force participation rate would not change.
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Critics of advertising argue that firms use advertising to manipulate consumers' tastes
a. True b. False Indicate whether the statement is true or false
Tom, the manager and owner of a small company, believes in the signaling theory of education, not the human capital theory. As such, Tom would be most likely to agree with which of the following quotes?
a. "We encourage our employees to enroll in night classes to improve their on-the-job productivity.". b. "We encourage our employees to participate in online seminars to learn new skills.". c. "We pay higher wages to employees who have MBAs because, on average, their job performance is better than similar employees who do not have MBAs.". d. "When we interview prospective employees at job fairs, we are looking for college graduates because they have the determination and follow-through to finish what they start.".