HW –
Read Exploring Economics Unit 10
Read Whatever Happened to Penny Candy Chapter 10
Complete Questions below
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Week 10 - Exploring Economics
Unit 10 and Penny Candy Chapter 10
From
Penny Candy:
1. What is
M2?
2. What is
“real” M2 money supply?
3. What
happens when the government slows the creation of real M2?
4. What
was the reason for the stock market crash of 1987?
From
Exploring Economics:
5. What is
the definition of the labor force in the United States?
6. Are
women or men more numerous in the labor force?
7. What
are the terms used for the price of labor?
8. What is
meant by the terms white collar jobs and blue collar jobs?
9. Which
of the two categories has grown in recent years?
10. What
percentage of the working population considers itself to be self-employed?
11. How
have immigrants historically had an impact on the growth of the American
economy?
12. What is
collective bargaining?
13. What
are closed shop and open shop (or right to work) states?
14. What
has been the effect of labor unions on wage rates?
15. What is
the difference between a wage and a salary?
16. What is
a minimum wage?
17. What
are some arguments in favor or a minimum wage?
18. What
are some arguments against a minimum wage?
19. What is
underemployment?
20. What is
meant by discouraged workers?
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