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Question : 22) In general, the labor supply curve A) slopes downward because : 1387978

Economics

 

 

22) In general, the labor supply curve

A) slopes downward because firms will hire fewer workers at higher wages.

B) slopes upward because as the wage rises, the opportunity cost of leisure increases.

C) is vertical at the equilibrium wage rate.

D) is perfectly elastic at the equilibrium wage rate.

 

 

23) The wage rate is the opportunity cost of

A) working.

B) working overtime.

C) leisure.

D) consumption.

 

24) Which of the following helps to explain why the supply curve of labor is upward sloping?

A) The supply curve of labor is a derived supply curve; since the output supply curve is upward sloping, so is the labor supply curve.

B) As the wage rate rises, the income effect causes the quantity of labor supplied to increase.

C) The substitution effect of a price change makes a good more expensive relative to other goods.

D) As the wage rate rises, the opportunity cost of leisure rises.

 

 

25) Which of the following statements is true?

A) As the wage rate rises, the substitution effect decreases the opportunity cost of leisure and causes a worker to devote more time to working and less time to leisure.

B) As the wage rate rises, the substitution effect increases the opportunity cost of leisure and causes a worker to devote more time to working and less time to leisure.

C) As the wage rate rises, the income effect increases the opportunity cost of leisure and causes a worker to devote more time to working and less time to leisure.

D) As the wage rate rises, the income effect causes a worker to devote more time to work and less time to leisure.

 

 

26) The typical labor supply curve is upward-sloping but it is possible for the curve to be backward bending—negatively sloped—at very high wage levels. Which of the following would cause a backward bending supply curve?

A) This would occur when the income effect from an increase in the wage becomes larger than the substitution effect.

B) This would occur when the substitution effect from an increase in the wage becomes larger than the income effect.

C) This would occur if leisure is an inferior good.

D) This would occur when a large number of workers choose leisure rather than employment at low wages; only a very large increase in the wage will lead these workers to prefer employment to leisure.

 

27) Because leisure is a normal good, an increase in the wage rate will result in

A) an increase in the quantity of labor supplied because of both the substitution effect and the income effect.

B) a decrease in the quantity of labor supplied because of the substitution effect and an increase in the quantity of labor supplied because of the income effect.

C) an increase in the quantity of labor supplied because of the substitution effect and a decrease in the quantity of labor supplied because of the income effect.

D) an increase in the quantity of labor supplied because of the substitution effect. At low wages the income effect causes an increase in the quantity of labor supplied, but at high wages the income effect causes a decrease in the quantity of labor supplied as the wage rises.

 

 

28) In order for a labor supply curve to be backward bending at high wages,

A) leisure must be an inferior good.

B) the substitution effect of a wage increase must be greater than the income effect.

C) workers must have an irrational response to wage increases.

D) the income effect of a wage increase must be greater than the substitution effect.

 

 

29) The market supply curve for labor is

A) derived from the market supply curve for the output produced with labor.

B) perfectly inelastic if leisure is an inferior good.

C) determined by adding up the quantity of labor supplied by each worker at each wage, holding constant all other variables that affect the willingness of workers to supply labor.

D) determined by adding up the wages each worker is willing to work for at a given quantity supplied, holding constant all other variables that affect the willingness of workers to supply labor.

 

30) For most low-wage earners,

A) the income effect of a wage rate increase is likely to be larger than the substitution effect.

B) the substitution effect of a wage rate increase is likely to equal the income effect.

C) the opportunity cost of leisure is high.

D) the substitution effect of a wage rate increase is likely to be larger than the income effect.

 

 

31) Francis Crawford recently received a 20 percent wage increase and desires to work less. We can conclude that at his current wage, his supply of labor curve

A) has a positive slope.

B) has a negative slope.

C) is U-shaped.

D) is vertical.

 

 

 

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July 1, 2023
    

This paper has some similarities with The Aging Simulation, the critical difference of this assignment now requires that you observe and interview live people. This time you will sharpen your skills of observation and interviewing while relating relevant theories to these observations. You will utilize relevant sources and theoretical material to understand the development your interviewee describes. You will construct a set of 15 open ended questions relevant to your population based on your readings and research which guide you through the interview. 

Please select one population you want to interview; young adult, mid-life, or older adult. You will be required to interview a standardized client in the Simulation Lab for 25-30 minutes. Following the interview, you will be asked to meet with your Standardized Client for feedback. This session is usually about 5 minutes. The reflection and simulated life span interview will be 20% of the grade you earn on your Life Span Interview paper. 

Young Adult

You will interview a young adult 18-30 years of age. You will interview the young adult in a simulated situation letting the client describe the process of emerging from parental oversight into the role of an adult. Use open ended questions such as, “How has your relationship with your parents changed since you have started to become more independent?” or “What factors have influenced your decisions about career, college or work?” or “What are things that have been difficult finding and building close relationships?” You will be able to fashion other questions as well after reading your text and related Canvas materials. 

Adult in Midlife

You will interview a middle-aged adult 40-55 years old. Your simulated interview should explore the changing family life cycle, including aging parents, shifting patterns in a long term partnership/marriage and children leaving home. It can also include open ended questions such as “How have you started planning for retirement?” or “What do you think it means to be in the prime of life?” or “How would you describe your adult sibling relationships?” You will be able to fashion other questions as well after reading your text and related Canvas materials. 

Older Adult

You will interview an older adult. You will interview the individual for 25-30 minutes and let the person tell the story of his or her life to you. You can use open ended questions such as, “Tell me about your childhood?” or “What are some of the things you are most proud of that you have done in your life?” or “What are some experiences that you think really made you who you are?” You will be able to fashion other questions as well after reading your class materials. 

General Paper Outline

  • 1 page, briefly explain how your interviewee sees him/herself in the general environment, as well as in the various components of his or her micro, mezzo and macro systems.
  • Developmental description.2 pages, describe your observations about this person’s biological, psychological, and social development. If there are any, note any discrepancies between your observations and what the interviewee stated.
  • Theoretical analysis.2 pages, discuss the theories/theorists that are relevant in understanding this person’s development, and how these apply to the interviewee. Utilize at least 2 theories/theorists and include at least 3 relevant and recent (from 2013 or later) journal articles to support your analysis. Discuss also if there are any discrepancies between expectations by age vs. actual observations. Use this information to analyze if this person is developing as expected from theory, or if the person’s experiences actually provide information that the theory is not fully relevant to describe the development of this interviewee.
  • Using the video of your interview, complete the computerized reflection by identifying 3 moments from recording (include time-stamps in paper) and draw conclusions based on your assessment of any concerns of your overall performance. 1. Emphasize what you have learned about yourself (including your engagement skills) from meeting with this person. 2. Identify and describe a moment where you felt your interviewing skills were the strongest. 3. Identify and describe a moment where you you felt your interviewing skills could've been better; what could you have done differently? Your reflection can be written in first person. 
  • Please include a list of at least 10-15 questions that you asked the simulated client.
  • It should be formatted in APA style regarding margins, headings, page numbers, font, reference list, appendices, and in-text citations. 

Rubric::

Introduction Clearly describes the person, their setting, system and environment: 

10 pts

This criterion is linked to a Learning OutcomeDevelopmental DescriptionContains accurate information, astute observations and shows that the interview was thorough and that the student carefully considered the developmental content

20 pts

This criterion is linked to a Learning OutcomeTheoretical AnalysisCorrectly utilizes and applies 3 theories, shows understanding of the theory and application, not just restating the theory.

20 pts

This criterion is linked to a Learning OutcomeReflectionShows depth of reflection, accurate and convincing discussion of the assessment.

20 pts

This criterion is linked to a Learning OutcomeAppendicesQuestions are useful, well stated, open ended and reflect content that would elicit information about development appropriate to the population

15 pts

This criterion is linked to a Learning OutcomeReferences & APARelevant journal sources, correctly utilized to support ideas, emphasis on content instead of authors, correctly cited and recent, within the past five years.

Learning OutcomeGrammar/Typos/APA/Use of Headings/Subheadings

Use of headings/subheading consistent with assignment instructions. Free of grammatical errors and typos. Complies with APA guidelines. It should be formatted in APA style regarding margins, headings, page numbers, font, reference list, appendices, and in-text citations.

15 pts

default image
July 1, 2023
    

This paper has some similarities with The Aging Simulation, the critical difference of this assignment now requires that you observe and interview live people. This time you will sharpen your skills of observation and interviewing while relating relevant theories to these observations. You will utilize relevant sources and theoretical material to understand the development your interviewee describes. You will construct a set of 15 open ended questions relevant to your population based on your readings and research which guide you through the interview. 

Please select one population you want to interview; young adult, mid-life, or older adult. You will be required to interview a standardized client in the Simulation Lab for 25-30 minutes. Following the interview, you will be asked to meet with your Standardized Client for feedback. This session is usually about 5 minutes. The reflection and simulated life span interview will be 20% of the grade you earn on your Life Span Interview paper. 

Young Adult

You will interview a young adult 18-30 years of age. You will interview the young adult in a simulated situation letting the client describe the process of emerging from parental oversight into the role of an adult. Use open ended questions such as, “How has your relationship with your parents changed since you have started to become more independent?” or “What factors have influenced your decisions about career, college or work?” or “What are things that have been difficult finding and building close relationships?” You will be able to fashion other questions as well after reading your text and related Canvas materials. 

Adult in Midlife

You will interview a middle-aged adult 40-55 years old. Your simulated interview should explore the changing family life cycle, including aging parents, shifting patterns in a long term partnership/marriage and children leaving home. It can also include open ended questions such as “How have you started planning for retirement?” or “What do you think it means to be in the prime of life?” or “How would you describe your adult sibling relationships?” You will be able to fashion other questions as well after reading your text and related Canvas materials. 

Older Adult

You will interview an older adult. You will interview the individual for 25-30 minutes and let the person tell the story of his or her life to you. You can use open ended questions such as, “Tell me about your childhood?” or “What are some of the things you are most proud of that you have done in your life?” or “What are some experiences that you think really made you who you are?” You will be able to fashion other questions as well after reading your class materials. 

General Paper Outline

  • 1 page, briefly explain how your interviewee sees him/herself in the general environment, as well as in the various components of his or her micro, mezzo and macro systems.
  • Developmental description.2 pages, describe your observations about this person’s biological, psychological, and social development. If there are any, note any discrepancies between your observations and what the interviewee stated.
  • Theoretical analysis.2 pages, discuss the theories/theorists that are relevant in understanding this person’s development, and how these apply to the interviewee. Utilize at least 2 theories/theorists and include at least 3 relevant and recent (from 2013 or later) journal articles to support your analysis. Discuss also if there are any discrepancies between expectations by age vs. actual observations. Use this information to analyze if this person is developing as expected from theory, or if the person’s experiences actually provide information that the theory is not fully relevant to describe the development of this interviewee.
  • Using the video of your interview, complete the computerized reflection by identifying 3 moments from recording (include time-stamps in paper) and draw conclusions based on your assessment of any concerns of your overall performance. 1. Emphasize what you have learned about yourself (including your engagement skills) from meeting with this person. 2. Identify and describe a moment where you felt your interviewing skills were the strongest. 3. Identify and describe a moment where you you felt your interviewing skills could've been better; what could you have done differently? Your reflection can be written in first person. 
  • Please include a list of at least 10-15 questions that you asked the simulated client.
  • It should be formatted in APA style regarding margins, headings, page numbers, font, reference list, appendices, and in-text citations. 

Rubric::

Introduction Clearly describes the person, their setting, system and environment: 

10 pts

This criterion is linked to a Learning OutcomeDevelopmental DescriptionContains accurate information, astute observations and shows that the interview was thorough and that the student carefully considered the developmental content

20 pts

This criterion is linked to a Learning OutcomeTheoretical AnalysisCorrectly utilizes and applies 3 theories, shows understanding of the theory and application, not just restating the theory.

20 pts

This criterion is linked to a Learning OutcomeReflectionShows depth of reflection, accurate and convincing discussion of the assessment.

20 pts

This criterion is linked to a Learning OutcomeAppendicesQuestions are useful, well stated, open ended and reflect content that would elicit information about development appropriate to the population

15 pts

This criterion is linked to a Learning OutcomeReferences & APARelevant journal sources, correctly utilized to support ideas, emphasis on content instead of authors, correctly cited and recent, within the past five years.

Learning OutcomeGrammar/Typos/APA/Use of Headings/Subheadings

Use of headings/subheading consistent with assignment instructions. Free of grammatical errors and typos. Complies with APA guidelines. It should be formatted in APA style regarding margins, headings, page numbers, font, reference list, appendices, and in-text citations.

15 pts

default image
July 1, 2023
    

This paper has some similarities with The Aging Simulation, the critical difference of this assignment now requires that you observe and interview live people. This time you will sharpen your skills of observation and interviewing while relating relevant theories to these observations. You will utilize relevant sources and theoretical material to understand the development your interviewee describes. You will construct a set of 15 open ended questions relevant to your population based on your readings and research which guide you through the interview. 

Please select one population you want to interview; young adult, mid-life, or older adult. You will be required to interview a standardized client in the Simulation Lab for 25-30 minutes. Following the interview, you will be asked to meet with your Standardized Client for feedback. This session is usually about 5 minutes. The reflection and simulated life span interview will be 20% of the grade you earn on your Life Span Interview paper. 

Young Adult

You will interview a young adult 18-30 years of age. You will interview the young adult in a simulated situation letting the client describe the process of emerging from parental oversight into the role of an adult. Use open ended questions such as, “How has your relationship with your parents changed since you have started to become more independent?” or “What factors have influenced your decisions about career, college or work?” or “What are things that have been difficult finding and building close relationships?” You will be able to fashion other questions as well after reading your text and related Canvas materials. 

Adult in Midlife

You will interview a middle-aged adult 40-55 years old. Your simulated interview should explore the changing family life cycle, including aging parents, shifting patterns in a long term partnership/marriage and children leaving home. It can also include open ended questions such as “How have you started planning for retirement?” or “What do you think it means to be in the prime of life?” or “How would you describe your adult sibling relationships?” You will be able to fashion other questions as well after reading your text and related Canvas materials. 

Older Adult

You will interview an older adult. You will interview the individual for 25-30 minutes and let the person tell the story of his or her life to you. You can use open ended questions such as, “Tell me about your childhood?” or “What are some of the things you are most proud of that you have done in your life?” or “What are some experiences that you think really made you who you are?” You will be able to fashion other questions as well after reading your class materials. 

General Paper Outline

  • 1 page, briefly explain how your interviewee sees him/herself in the general environment, as well as in the various components of his or her micro, mezzo and macro systems.
  • Developmental description.2 pages, describe your observations about this person’s biological, psychological, and social development. If there are any, note any discrepancies between your observations and what the interviewee stated.
  • Theoretical analysis.2 pages, discuss the theories/theorists that are relevant in understanding this person’s development, and how these apply to the interviewee. Utilize at least 2 theories/theorists and include at least 3 relevant and recent (from 2013 or later) journal articles to support your analysis. Discuss also if there are any discrepancies between expectations by age vs. actual observations. Use this information to analyze if this person is developing as expected from theory, or if the person’s experiences actually provide information that the theory is not fully relevant to describe the development of this interviewee.
  • Using the video of your interview, complete the computerized reflection by identifying 3 moments from recording (include time-stamps in paper) and draw conclusions based on your assessment of any concerns of your overall performance. 1. Emphasize what you have learned about yourself (including your engagement skills) from meeting with this person. 2. Identify and describe a moment where you felt your interviewing skills were the strongest. 3. Identify and describe a moment where you you felt your interviewing skills could've been better; what could you have done differently? Your reflection can be written in first person. 
  • Please include a list of at least 10-15 questions that you asked the simulated client.
  • It should be formatted in APA style regarding margins, headings, page numbers, font, reference list, appendices, and in-text citations. 

Rubric::

Introduction Clearly describes the person, their setting, system and environment: 

10 pts

This criterion is linked to a Learning OutcomeDevelopmental DescriptionContains accurate information, astute observations and shows that the interview was thorough and that the student carefully considered the developmental content

20 pts

This criterion is linked to a Learning OutcomeTheoretical AnalysisCorrectly utilizes and applies 3 theories, shows understanding of the theory and application, not just restating the theory.

20 pts

This criterion is linked to a Learning OutcomeReflectionShows depth of reflection, accurate and convincing discussion of the assessment.

20 pts

This criterion is linked to a Learning OutcomeAppendicesQuestions are useful, well stated, open ended and reflect content that would elicit information about development appropriate to the population

15 pts

This criterion is linked to a Learning OutcomeReferences & APARelevant journal sources, correctly utilized to support ideas, emphasis on content instead of authors, correctly cited and recent, within the past five years.

Learning OutcomeGrammar/Typos/APA/Use of Headings/Subheadings

Use of headings/subheading consistent with assignment instructions. Free of grammatical errors and typos. Complies with APA guidelines. It should be formatted in APA style regarding margins, headings, page numbers, font, reference list, appendices, and in-text citations.

15 pts

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