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Econ Review
| Question | Answer |
|---|---|
| How is employment defined? | 16 years or older & worked for atleast one paid hour, 15 or more unpaid hours in family business, or held jobs but didn't work based on certain conditions |
| What is BLS an acronym for? | Bureau of Labor Statistics |
| What's the learning effect? | Theory education increases productivity and results in higher wages |
| What's the screening effect? | Theory that completion of college indicates to employers that job applicant is intelligent and hard working |
| AFL is an acronym for? | American Federation of Labor |
| What's a right to work law? | Measure that bans mandatory union membership |
| Who are blue collar workers? | work industrial jobs for wages |
| Who are white collar workers? | work in professional or clerical jobs for salary |
| Women in the labor force increased by what percent? | 10 |