Lecture Notes - Work in the U.S.

What percentage of the U.S. workforce was engaged in agriculture in 1900?

(a)  

What percentage of the U.S. workforce was still engaged in agriculture at the end of 1999?

• 1%

• 3%

• 22%

• 31%

Education and transportation are examples of which type of work?

• agriculture

• industry

• service

• technology

By 2010, what percentage of workers were in the service sector (doing service jobs)?

(a)  

What percentage of women were in the workforce in 1900? What percentage in 2010?

• 22%, 77%

• 6%, 63%

• 3%, 38%

• 19%, 73%

According to the lecture, which one is NOT true for U.S. workers today?

• Their wages are going up.

• Their wages are stagnant.

• There is a high rate of unemployment.

For a child born in 1980 in poverty (in a poor family), the chances of entering the middle class were (a)   %.

According to the lecture, which two countries is the U.S. outsourcing a lot of work to?

• China and Mexico

• China and India

• India and Japan

• Canada and Indonesia

According to the lecture, what is the reason financial institutions in the U.S. have been able to make risky investments?

• tax cuts

• outsourcing work to other countries

• advances in technology

• lack of regulation (rules) for businesses

True or False? In 2012, the words often used to describe attitudes toward that U.S. economy were "extreme pessimism".

• True

• False