13. Karen chooses to go to university fulltime rather than to work. Karen: A. is not...

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13. Karen chooses to go to university fulltime rather than to work. Karen: A. is not part of the labor force. B. is part of the labor force and what economists call a discouraged worker. C. is part of the labor force, but not actively seeking work. D. is considered employed. 14. The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals: A. 20.2%. B. 16.8%. C. 14.4%. D. 11%. 15. argues that the productivity of workers will increase if they are paid more, and so employers will often find it worthwhile to pay their employees somewhat more than market conditions might dictate. A. Efficiency wage theory B. Equilibrium wage theory C. Employee wage theory D. Employer wage theory 16. Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unemployment rate is and the participation rate is A. 5%; 55%. B. 8.3%; 60%. C. 8.3%; 55%. D. 5%; 60%. 13. Karen chooses to go to university fulltime rather than to work. Karen: A. is not part of the labor force. B. is part of the labor force and what economists call a discouraged worker. C. is part of the labor force, but not actively seeking work. D. is considered employed. 14. The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals: A. 20.2%. B. 16.8%. C. 14.4%. D. 11%. 15. argues that the productivity of workers will increase if they are paid more, and so employers will often find it worthwhile to pay their employees somewhat more than market conditions might dictate. A. Efficiency wage theory B. Equilibrium wage theory C. Employee wage theory D. Employer wage theory 16. Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unemployment rate is and the participation rate is A. 5%; 55%. B. 8.3%; 60%. C. 8.3%; 55%. D. 5%; 60%.

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13 Option A is not part of the labor force Explanation Labor force Employed Unemployed Labor force i... View the full answer