Test Bank for Labor Economics 8th Edition by George Borjas

Labor Economics, 8e (Borjas)
Chapter 1 Introduction to Labor Economics

1) Which is not a decision made by potential workers in the United States?
A) deciding whether or not to participate in the labor force
B) determining how to divide one's time between work and leisure
C) choosing how much to produce to maximize firm profit
D) choosing how much education to receive
E) deciding which occupation to pursue

Answer: C
Difficulty: 1 Easy
Topic: The Actors in the Labor Market
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

2) Which of the following is not a leading actor in labor markets?
A) consumers
B) firms
C) workers
D) government
E) unions

Answer: A
Difficulty: 1 Easy
Topic: The Actors in the Labor Market
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation

3) The labor demand curve shows how many workers the firm is willing to hire
A) at any particular time.
B) at a particular amount of labor supplied.
C) at any given wage.
D) into high-skill jobs.
E) when demand for the firm's output is low.

Answer: C
Difficulty: 1 Easy
Topic: The Actors in the Labor Market
Bloom's: Remember
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation