Consider the table. which shows the annual salary for several workers. Salary $33500 $29290 $63380 $15690 Tony $293750 Calculate the median wage. $ Comparison of the minimum wage and the median wage can be used to estimate the extent to which unemployment results from minimum wage laws. All else equal, which scenario would result in the most unemployment? O A country where the minimum wage is set at 6052': of the median wage. O A country where the minimum wage is set at 95% of the median wage. O A country where the minimum wage is set at 10% of the median wage. O A country where the minimum wage is set at 1% of the median wage. Classify each scenario according to whether it is an example of an active employment atwill doctrine. A tenured organic chemistry professor who cannot be red despite being a horrible teacher. Cathyr quits her job as a babysitter despite having only been hired three weeks ago, because she feels watching over eight toddlers at once will cause her to lose too much sleep. Katherine, a waitress, gets red from her job after spilling a hot bow] _ _ of French onion soup on a customer's shoe. 5 ........................................ 5 Alex has a clause in his worker's contract stating that if he gets red during a recession, he gets a severance package of half his salaryr paid IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII for up to six months. Brian, who works for an educational software company, quits. He is not allowed to work for a competing software company for six months due to a clause in his contract. WeiCheng gets red from his company for no reason other than that he is the only Asian worker. Answer Bank example of employment atwill not an example of employment alt-will Employment laws can vary signicantly by country. For instance. in the United States, manyjobs are governed by the principle of employment atwill. Employment atwill is rarer in certain countries in Europe. such as Portugal. Regulation and collective bargaining impact labor markets to a larger extent in Europe than in the United States. How do European labor markets compare to the labor market in the United States as a result of these varying labor laws? 0 The hiring and ring costs are lower in Europe than the United States. 0 During a period of increased demand. European rms are more likely to hire more workers. 0 Europe has a lower rate of longterm unemployment than the United States. 0 The labor market in Europe is less flexible than in the United States. Suppose the civilian noninstitutionalized workingage population is 35.9 million in Italy. Of these, 4.4 million are working part time and 13.19 million are working fulltime. Assume the Bureau of Labor Statistics (BLS) denitions are used for calculating unemployment data. Among those not working, the most recent jobsearch activity for 3.40 million happened less than two weeks ago. while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work ve weeks ago, and the remaining 12.33 million who do not hayejobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force? million How many people are unemployed? million What is the labor force participation rate? as What is the unemployment rate? Please match each scenario with the term it best identifies. The government implements a new policy where people receiving unemployment benefits must provide proof that they are searching for work. Otherwise, they will lose their benefits in 1 month. The government decides to give all unemployed workers a free account on a federal job bank, allowing workers to find jobs easier than ever before and hopefully expediting re-employment. Chelsea recently lost her job as an accountant. However, thanks to her stellar resume, she is able to quickly find a new job after two weeks. Much to her pleasure, she receives a tax credit because she was able to quickly find a new job. Simon is a junior chef at a three-star Michelin-renowned restaurant, Sur La Table. He loses his job and applies for, and is accepted into, a state fundedprogram that allows unemployed individuals to take medical technician courses at their local community colleges for free. Answer Bank job retraining early employment bonus work test job-search assistance