How would each of the following factors be likely to affect the economy-wide supply of labor? a.
Question:
a. The age at which people are eligible for Medicare is increased.
b. Increased productivity causes real wages to rise.
c. War preparations lead to the institution of a national draft, and many young people are called up.
d. More people decide to have children (consider both short-term and long-term effects).
e. Social Security benefits are made more generous.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
a An increase in the age for Medicare eligibility means that more people will continue working in or...View the full answer
Answered By
Felix Mucee
I am a detailed and thorough professional writer with 5 years of administrative experience- the last 2 years in academic writing and virtual office environment. I specialize in delivering quality services with respect to strict deadlines and high expectations. I am equipped with a dedicated home office complete with a computer, copier/scanner/fax and color printer.
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past five years. I can bring value to your business and help solve your administrative assistant issues.
4.70+
13+ Reviews
33+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
How would each of the following affect national saving, investment, the current account balance, and the real interest rate in a large open economy? a. An increase in the domestic willingness to save...
-
How would each of the following transactions affect the GDP of the United States? a. The U.S. government pays $1 billion in salaries for government workers. b. The U.S. government pays $1 billion to...
-
For each of the following situations, two scenarios are described, labeled A and B. Choose which scenario is descriptive of a setting corresponding to activity-based responsibility accounting and...
-
Suppose that a 20-year bond pays $4 coupon once a year, and its yield rate is 6%. The bond has write-down of $0.49 for the first year. Calculate the write-down amount for the third year. Round the...
-
Find two values of the standard normal random variable, z and z, such that the two corresponding tail areas of the distribution add to 0.01.
-
Pioneer Chicken advertises lite chicken with 30% fewer calories than standard chicken. When the process for lite chicken breast production is in control, the average chicken breast contains 420...
-
4 Una empresa que intenta comercializar un multimillonario sistema de tratamiento de aguas negras entre gobiernos citadinos no ha podido vender un nuevo tipo del sistema. Este problema ha ocurrido...
-
Friedman Construction reported taxable income of $50,000 for 2011, its first fiscal year. The enacted tax rate for 2011 is 40%. Enacted tax rates and deductible amounts for 20122014 are as follows:...
-
Sherry and Sam want to purchase a condo at the coast. They will spend $650,000 on the condo and are taking out a loan for the whole amount for the condo for twenty years at 7.0% interest. a. What is...
-
A payroll register for Warne Company is provided. Complete the payroll register for the semimonthly pay period ended, September 1630, 20--. Use the federal income tax withholding tables in Lesson...
-
Production data for Bob's Bicycle Factory are as follows: Number of workersBikes assembled per day 1..10 2..18 3..24 4..28 5..30 Other than wages, Bob has costs of $100 (for parts and so on) for each...
-
How would each of the following likely affect the real wage and employment of unskilled workers on an automobile plant assembly line? (L03) a. Demand for the type of car made by the plant increases....
-
Write down the formula for calculating accounting rate of return.
-
List and describe three common interview mistakes which compromise the quality of the selection process.
-
Player I chooses a positive integer x > 0 and player II chooses a positive integer y > 0. The player with the lower number pays a dollar to the player with the higher number unless the higher number...
-
1. Distinguish between risk management and risk transfer. As the manager of XYZ FBO, what measures would you put in place to ensure risk reduction?
-
Devlop a sumary of your understanding of Learning and Retention. In the sumary, think about how you see Learning and Retention fitting into the entire study of Organizational Behavior. How does the...
-
Emani, Peters and Desai et al (2018) "conducted a cross-sectional survey of adopters and non-adopters of the portal...the survey consisted of perceived attributes from the DOI theory,...
-
Explain professional skepticism and why it is important for all auditors.
-
Why is a help desk and production support critical to system implementations? Discuss its interrelationship with the problem management and reporting system.
-
(Summary of general reporting) Following is a listing of codes for several types of funds. Indicate next to each fund financial statement the code of the fund for which the financial state- ment must...
-
Consider how health insurance affects the quantity of healthcare services performed. Suppose that the typical medical procedure has a cost of $100, yet a person with health insurance pays only $20...
-
Draw the supply and demand curves for cookies. If the government imposes a tax on cookies, show what happens to the price paid by buyers, the price received by sellers, and the quantity sold. In your...
-
If the government doubles the tax on gasoline, can you be sure that revenue from the gasoline tax will rise? Can you be sure that the deadweight loss from the gasoline tax will rise? Explain.
-
DOLLAR TREE GROCERY OUTLET Short-Term Liquidity 2021 2022 2021 2022 Current Ratio 1.35 1.51 1.86 1.67 Quick Ratio 0.24 0.15 0.63 0.42 Cash Ratio Cash Conversion Cycle 34.78 45.75 19.41 21.61 Days...
-
A family has a $117,443, 25-year mortgage at 5.4% compounded monthly. (A) Find the monthly payment and the total interest paid. (B) Suppose the family decides to add an extra $100 to its mortgage...
-
Comparing the actual and planned cost of a consulting engagement completed by an engineering firm such as Allied Engineering.
Study smarter with the SolutionInn App