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1 | |
Over time, the number of jobs available in the U.S. has continuously increased. |
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| | A) | True |
| | B) | False |
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2 | |
In the U.S., the agricultural sector employs 10 percent of the workforce. |
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| | A) | True |
| | B) | False |
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3 | |
The percentage of U.S. workers employed in the goods-producing sector has increased for many decades. |
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| | A) | True |
| | B) | False |
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4 | |
Workers in Japan have more legislated rights than U.S. workers. |
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| | A) | True |
| | B) | False |
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5 | |
The agreement by which an employee exchanges labor in return for pay and working conditions is called an employment contract. |
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| | A) | True |
| | B) | False |
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6 | |
In the year 2002, the population of the U.S. was about _____ million people. |
|
| | A) | 100 |
| | B) | 175 |
| | C) | 225 |
| | D) | 290 |
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7 | |
In the year 2002, approximately what percentage of the U.S. civilian labor force were either working or unemployed? |
|
| | A) | 10 |
| | B) | 20 |
| | C) | 35. |
| | D) | 50 |
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8 | |
Which of the following countries has the largest labor force in the world? |
|
| | A) | China |
| | B) | U.S. |
| | C) | India |
| | D) | Japan |
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9 | |
The median age of the U.S. workforce is projected to be about _____ years by the year 2012. |
|
| | A) | 25 |
| | B) | 30 |
| | C) | 35 |
| | D) | 40 |
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10 | |
In the year 2002, life expectancy in the U.S. was about _____ years. |
|
| | A) | 57 |
| | B) | 67 |
| | C) | 77 |
| | D) | 82 |
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11 | |
Which of the following is a job in the service sector? |
|
| | A) | Transportation |
| | B) | Health care |
| | C) | Retailing |
| | D) | All of the above. |
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12 | |
In the year 2002, jobs in the service sector in the U.S. represented about what percentage of total jobs? |
|
| | A) | 52 |
| | B) | 62 |
| | C) | 75 |
| | D) | 82 |
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13 | |
In the year 2002, union jobs represented about what percentage of private sector employees? |
|
| | A) | 5 |
| | B) | 9 |
| | C) | 14 |
| | D) | 20 |
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14 | |
In the year 2002, foreign trade represented about what percentage of the U.S. economy? |
|
| | A) | 10 percent |
| | B) | 20 percent |
| | C) | 30 percent |
| | D) | 40 percent |
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15 | |
In the year 2003, the average hourly wage of U.S. workers in the manufacturing sector was about: |
|
| | A) | $10. |
| | B) | $15. |
| | C) | $22. |
| | D) | $28. |
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16 | |
In the year 2003, which of the following countries had the highest average hourly wage in the manufacturing sector? |
|
| | A) | Germany |
| | B) | Japan |
| | C) | U.S. |
| | D) | Sweden |
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17 | |
The idea that employers and workers should be free of government intervention in negotiating aspects of their employment contract is known as: |
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| | A) | the employment-at-will doctrine. |
| | B) | the liberty of contract doctrine. |
| | C) | the implied covenant of good faith. |
| | D) | all of the above. |
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18 | |
In the U.S., the idea that employers and employees can enter voluntary employment contracts that can be ended anytime by either party is known as: |
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| | A) | the employment-at-will doctrine. |
| | B) | the liberty of contract doctrine. |
| | C) | the implied covenant of good faith. |
| | D) | all of the above. |
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19 | |
In the U.S., the idea that either an employer or an employee can end an employment contract with or without notice or reason is known as: |
|
| | A) | the employment-at-will doctrine. |
| | B) | the liberty of contract doctrine. |
| | C) | the implied covenant of good faith. |
| | D) | all of the above. |
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20 | |
From 1994-2004, unemployment in the U.S. averaged just below what percentage? |
|
| | A) | 2 percent |
| | B) | 3 percent |
| | C) | 5 percent |
| | D) | 7 percent |