Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Topic of your paper - A controversial issue about your major. For example if you are Criminal Justice - a topic could be Police brutality.

image text in transcribed

Topic of your paper - "A controversial issue about your major." For example if you are Criminal Justice - a topic could be "Police brutality."

This week, you're going to build on your outline - *include the name of your major.

?For your paper, you will need to provide "evidence" from your sources to support your main arguments and sub-arguments.

image text in transcribed
ANNOTATED OUTLINE L Introduction A. This chapter focuses on the following questions. 1. When is a person \"unemployed 2. What are the costs of unemployment\" 3. What is an appropriate goal for \"full employment Il. The Labor Force A. To assess dimensions of unemployment problems we must first decide who wants a job, B Individuals who want a job and those who don't are divided into two groups, \"labor force participants\" and non-participants. C. Definition: Labor Force - All persons over age sixteen who are either working for pay or actively seeking pad employment, 1. People who are neither employed or actively secking work are not counted. 2. Only half of the LS. population participates in the labor force. (Figure 6.1) 3, Since 1950 US, labor force has more than doubled. This growth has come from two distinct sources (Figure 6.2). Population growth Rising labor force participation among women. + Definition: Labor-force Participation Rates - The percentage of the population working or seeking employment. D. Production Possibilities (Figure 6.3) 1. Definition: Production Possibilities The alicrnative combinations of final goods and services that could be produced in a given time period with all available resources and technology. 2. Continuing growth of the labor force increases both our capacity 1o produce goods and services and the need to keep creating jobs for people who want to work. 1. Production is limited by two factors. e The availability of factors of production. e Technological know-how, Institutional Constraints e Participation rates and social regulation limit the size of the labor force, e Child-labor laws prohibit small children from working. e To the extent that small children, students, and others are precluded from working, both the size of our labor force and our potential output shoink. e Constraints arc also imposed on the use of material resources and technology. Fore example, we will not cut down all the forests this year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Michael Parkin

12th edition

133872297, 133872293, 978-1292094632

More Books

Students also viewed these Economics questions

Question

=+b) What is the best choice using the expected-value approach?

Answered: 1 week ago

Question

1. To gain knowledge about the way information is stored in memory.

Answered: 1 week ago