Econ Quiz 9.1-9.3

In the past 50 years, the United States economy has made a major shift from

• agriculture to manufacturing.

• manufacturing to services.

• agriculture to services.

• services to manufacturing.

The screening effect is

• all nonmilitary people who are employed or unemployed.

• the theory that education increases productivity and results in higher wages.

• the theory that the completion of college indicates to employers that a job applicant is intelligent and hardworking.

• a temporary or part-time job.

In which of the following fields are some computer skills useful?

• farming

• trucking

• teaching

• all of the above

The labor force is

• all nonmilitary people who are employed or unemployed.

• the theory that education increases productivity and results in higher wages.

• the theory that the completion of college indicates to employers that a job applicant is intelligent and hardworking.

• a temporary or part-time job.

How is a person counted as unemployed?

• The person is currently working but is about to be laid off.

• The person must have worked within the last six months or have been injured on the job.

• The person must have work lined up for the future or actively searching for a job.

• The person has held a job for at least six months but is not currently working.

Benefits make up what percentage of total compensation today?

• 10 percent

• 18 percent

• 28 percent

• 40 percent

The learning effect is

• all nonmilitary people who are employed or unemployed.

• the theory that education increases productivity and results in higher wages.

• the theory that the completion of college indicates to employers that a job applicant is intelligent and hardworking.

• a temporary or part-time job.

The practice of negotiating labor contracts that keep unnecessary workers on a company's payroll is

• skilled labor.

• featherbedding.

• a glass ceiling.

• derived demand.

Labor that requires minimal specialized skills and education is called

• unskilled labor.

• semi-skilled labor.

• skilled labor.

• professional labor.

Productivity is

• labor that requires specialized skills and training.

• labor that requires advanced skills and education.

• value of output.

• value of input.