The study of labor is part of the branch of economics called...
Labor and Wages

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Social Studies
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9th - 12th Grade
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Hard
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1.
FLASHCARD QUESTION
Front
Back
Macroeconomics
Answer explanation
The study of labor is part of macroeconomics. Macroeconomics is the branch of economics that deals with the economy as a whole.
2.
FLASHCARD QUESTION
Front
Your health, skills, education and abilities are just some of the things that make up your...
Back
human capital
Answer explanation
One of the main contributions to productivity comes from investments in human capital, the sum of the skills, abilities, health, and motivation
of people.
3.
FLASHCARD QUESTION
Front
Picking fruit requires no skills or training. This type of job falls under the category of...
Back
unskilled labor
Answer explanation
Those who work primarily with their hands because they lack the training and skills required for other tasks make up the category.
4.
FLASHCARD QUESTION
Front
A yard and lawn landscaper requires enough mechanical skill or training to run a lawn mower. This type of job falls under the category of...
Back
semi-skilled labor
Answer explanation
semiskilled labor—workers with enough mechanical abilities and skills to operate machines that require a minimum amount of training.
5.
FLASHCARD QUESTION
Front
A carpenter is able to operate complex machinery and can perform their job with little supervision. This type of job falls under the category of...
Back
skilled labor
Answer explanation
Skilled labor includes workers who are able to operate complex equipment and can perform their tasks with little supervision.
6.
FLASHCARD QUESTION
Front
A computer programmer writing software has the highest levels of education. This type of job falls under the category of...
Back
professional labor
Answer explanation
Professional labor, or those individuals with the highest level of knowledge-based education and managerial skills.
7.
FLASHCARD QUESTION
Front
Doctors do not compete with nurses for jobs. This is because the two careers are in...
Back
noncompeting labor grades
Answer explanation
Workers in one labor category generally do not compete with those in another category. For example, unskilled workers do not compete directly with semiskilled and skilled laborers. Because of this, it is useful to think of labor as being grouped into noncompeting labor grades, broad categories of labor that do not directly compete with one another because of experience, training, education, and other human capital investments.
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