The Role of LaborHW#19 Read pages 162 to 165 and define the term and answer the questions.
Define: 1. labor force
Ques: 1. How does a growing population affect the labor force?
2. Which age group increased the most by 2010?
3. What types of jobs will be in demand as the population ages?
4. Why might employers offer early retirment to employees?
Hw#20 Read pages 165 to 169 and define the terms and answer the questions.
Define: 1. goods producing industries, 2. technological revolution, 3. educational attainment
4. downsize, 5. career
Ques: 1. What types of jobs exist in the goods producing industries?
2. What types of jobs exist in the service producing industries?
3. How has technology affected the labor force?
4. Why is the emphasis on education most likely to continue?
HW#21 Read page 170 to 178 and define the terms and answer the questions
Define: 1. marginal productivity, 2. derived demand, 3. worker mobility
Ques: 1. Explain the factors affecting the demand for labor.
2. How do wages, worker mobility and geography affect the supply of labor?
3. How do labor unions and government determine wages?