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Take the test: The U.S. Labor Market
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Question 1 of 5
1. Question
The actual number of people available for work is called the?
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IncorrectThe correct answer should be: Labor Market
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Question 2 of 5
2. Question
The ratio between the labor force and the overall size of the national population of the same age range is called the?
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IncorrectThe correct answer should be: Labor Force Participation Rate, LFPR (or economic activity rate, EAR)
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Question 3 of 5
3. Question
The size of the workforce is defined as?
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IncorrectThe correct answer should be: Those employed and unemployed
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Question 4 of 5
4. Question
In economics, labour is?
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IncorrectThe correct answer should be: a measure of the work done by human beings
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Question 5 of 5
5. Question
The lowest hourly, daily or monthly remuneration that employers may legally pay to workers is?
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IncorrectThe correct answer should be: Minimum Wage