1. unemployment rate is the ratio of unemployment and total labour force. if more people become employed that means number of unemployed people increases and hence the numerator increases while the denominator remaining the same. hence unemployment rate falls. (A)
2. the unemployment caused by the time it takes workers to search for new job after losing the previous one is called frictional employment. so answer is option (A). As rules and regulations decreases the time taken to join new work decreases.
3. Option (C). Explanation is given at answer of 2.
4. Structural unemployment takes place in the face of sectoral shift. so Jim is an example of this.
Julie is an example of frictional employment. explained at answer of 2.
Bob is a victim of cyclical unemployment. as recession is a cyclical phenomena.
5. The question is not clear to me. Can you please clarify what is the question? I mean to say that what statements are to be checked whether true or false?
6. the former accountant is not in the labour force as he or she is willingly doing so.
the person is in the labour force as he or she is in the willing to get a job at the prevailing market rate and that's why he or she is appearing that interview.
the CEO is in the labour force as labour force is the summation of employed and unemployed people and he or she is employed.
retired people do not come under the head of labour force.
if a person is not working and not looking for a job is not in the labour force.
the dishwasher is in the labour force as he or she is working and also looking for a job.
7. (A) Structural unemployment as it is the result of technological advancement and sectoral shift.
3rd attempt Which of the following can be responsible for a drop in the unemployment rate?...
Which of the following is a shortcoming of the unemployment rate? Choose one or more: A. There are too few observations collected monthly. The small sample size causes inaccurate measurements. B. Temporary workers are not counted as employed. C. If someone is working at a lower-paying job but is qualified for a higher-paying job, he/she is counted as unemployed. D. The unemployment rate does not include discouraged workers. Which of the following can lower the level of frictional unemployment over...
5. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Frictional Cyclical Structural A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Yvette. Rina just graduated from college and is looking for a full-time position with an...
Unemployment Type Structural Frictional Cyclical Clancy recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Kate. Eileen just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal....
21. Insofar as government public policy is concerned, the best way to battle unemployment would be A. to minimize the severity of recessions B. to maximize unemployment payments C. to maximize unemployment insurance duration D. to minimize labor unions 22. The labor force consists of A. discouraged workers, employed workers, plus those actively seeking work. B. all adults who are working or actively seeking work. C. all adults who are able to work D. all adults who are working, plus...
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June a July is that 10,000 of the unemployed give up looking for work. Which of the following is true? A) In June the unemployment rate was 6% and in July the unemployment rate was 3.8% B) The unemployment rate in both June and July was 5%. C) In June the unemployment rate was 5% and in July...
Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Paolo recently lost his job as a dishwasher. Minimum wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. Sharon just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal. Automobile demand has fallen during a recent recession, and Amy has been laid off...
V B N M shirt 30 cmd option NAME Print Last Name, First Name SECTION UNEMPLOYMENT AND INFLATION 1 2. In order to be classified as unemployed, with the exception of workers who have been temporarily laid off and are waiting to report back to work, a person must a. not have worked during the survey week, be actively looking for work, and currently be available for work. b. have filed for unemployment compensation not have a job d. not...
29. What type of unemployment (cyclical, frictional, or structural) applies to each of the following: a. landscapers laid off in response to drop in new housing construction during a recession. b. coal miners laid off due to EPA regulations that shut down coal fired power a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona d. printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet...
In June there are 30,000 people classified as unemployed and the size of the labor force is 600,000. The only change between June and July is that 10,000 of the unemployed give up looking for work. Which of the following is true? A) In June the unemployment rate was 6% and in July the unemployment rate was 3.8%. B) The unemployment rate in both June and July was 5%. C) In June the unemployment rate was 5% and in July...
7. Types of unemployment In the following table, determine what type of unemployment best describes each situation Cyclical Unemployment Unemployment Unemployment Structural Frictional Albert quit his part-time job to search full time for a job that was more closely related to his education. Stelios worked as a mechanic, fixing machines at a local factory, but he hasnt been able to find similar work since the factory moved out of the area to take advantage of tax incentives. Sunita was laid...