Workers Over the Age of 40 Have Difficulty Finding Work

question 47

Multiple Choice

Workers over the age of 40 have difficulty finding work because _______.

• A) they are considered too old to retrain
• B) they do not have a college degrees
• C) immigrants have taken their jobs
• D) they support offshoring

---

Definitions:

Labor Demand Data

Information and statistics related to the number of workers that employers are willing and able to hire at different wage levels.

Labor Supply Data

Information and statistics regarding the availability of workers and their willingness to work at various wage levels.

Marginal Product

The additional output resulting from using one more unit of a particular input, assuming all other inputs remain constant.

Monopsony

A market structure in which there is only a single buyer of a good, service, or resource.