Recall the Application About the Impact of the Federal Disability

question 114

Multiple Choice

Recall the Application about the impact of the federal Disability Insurance program on the unemployment rate to answer the following question(s) .
-Recall the Application. Assume 5,000 unemployed workers left the workforce to participate in the federal Disability Insurance program, leaving the size of the labor force at 195,000. If 13,000 workers remain unemployed and in the labor force, what was the unemployment rate before and after the 5,000 unemployed workers left the workforce?

• A) 9.0 percent; 6.7 percent
• B) 6.5 percent; 2.3 percent
• C) 12.8 percent; 4.3 percent
• D) 38.5 percent; 27.8 percent

Recognize the role of city-states and trading towns in the political landscape of Europe during the 1500s.

Comprehend the origins and implications of feudalism.

Learn about the persecution and expulsion of religious groups in Europe from the sixteenth to the eighteenth centuries.

Grasp the reasons behind and implications of the end of serfdom from the twelfth century.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost.

Materials Price Variance

The difference between the actual cost of raw materials and the standard or expected cost, multiplied by the quantity of materials purchased.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or budgeted) variable overhead based on a standard rate.

Labor Efficiency Variance

measures the difference between the actual labor hours used and the standard labor hours expected for the production achieved, indicating labor efficiency.