Which Of The Following Situations Would Be Considered Cyclical Unemployment? The correct answers are: B. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy. Explanation: Cyclic unemployment is unemployment that is caused by fluctuations in the economic activity of a
Why Is The Minimum Wage Controversial Quizlet? Why is the minimum wage controversial? Opponents argue that when the minimum wage is increased, some businesses cut jobs to keep their labor costs the same which, then, contributes to unemployment. How does Social Security affect Americans today? It continues to give basic financial support to the elderly.
Which Group Of People Faced Economic Hard Times Before The Great Depression? The country’s most vulnerable populations, such as children, the elderly, and those subject to discrimination, like African Americans, were the hardest hit. What group of people was hit the hardest before the Great Depression? The country’s most vulnerable populations, such as children, the
What Part Of The Population Would Be Considered Part Of The Civilian Labor Force? The labor force includes all people age 16 and older who are classified as either employed and unemployed, as defined below. Conceptually, the labor force level is the number of people who are either working or actively looking for work. Who
Which New Deal Agency Had The Purpose Of Creating Jobs For The Unemployed? The Works Progress Administration (WPA; renamed in 1939 as the Work Projects Administration) was an American New Deal agency, employing millions of job-seekers (mostly men who were not formally educated) to carry out public works projects, including the construction of public buildings
What Is The Current State Of US Economy 2021? Over all, the broadest measure of the economy — gross domestic product — grew by 1.6 percent in the first three months of 2021, compared with 1.1 percent in the final quarter of last year. On an annualized basis, the first-quarter growth rate was 6.4 percent.
Why Is Minimum Wage Important? The purpose of minimum wage laws is to prevent employers from exploiting workers. The minimum wage should provide enough income to afford a living wage, the amount needed to provide enough food, clothing, and shelter. What is the purpose of minimum wage? The purpose of the minimum wage was to
Who Is Excluded From Social Security? The Social Security Act of 1935 excluded from coverage about half the workers in the American economy. Among the excluded groups were agricultural and domestic workers—a large percentage of whom were African Americans. Who is not covered not eligible for Social Security? About 4 percent of the aged population
What Were The Second New Deal Programs? The Second New Deal in 1935–1936 included the National Labor Relations Act to protect labor organizing, the Works Progress Administration (WPA) relief program (which made the federal government the largest employer in the nation), the Social Security Act and new programs to aid tenant farmers and migrant workers.
Why Is There Unemployment In The US? These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment. What are the main reasons for unemployment? One cause of unemployment is