ch.9 Sec.1 assessment

How does the screening effect differ from the learning effect?

Learning effect- the theory that education increases productivity and results in higher wages Screening effect-the theory that the completion of college indicates to employers that a job applicant is intelligent and hard working

What groups of people does the government consider to be (a) in the labor force (b) employed; (c) unemployed?

labor force-all nonmilitary people who are employed or unemployed employed- 16 years or older and meet one of these requirements: -they work at least one hour for pay within the past week -they worked 15 hours or more hours without pay in a family business, such as a farm -they held jobs but did not work due to illnesses, vacations, labor disputes, or bad weather unemployed- people who do not meet the ^^^ criteria are counted as unemployed or they are temporarily out of work

What were the major steps in the Unites States progression from an agricultural economy to a service economy

the industrial revolution was big help. This enabled the economy to grow at a huge rate, enabling people to better service others