Structural unemployment is caused by
changing patterns of labor demand. |
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real wages being inflexible downward. |
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high costs of occupational and/or geographic adjustment. |
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All of these |
2.5 points
QUESTION 13
Suppose an employment contract includes a no-quit clause. How does the answer to the question “Who pays for general training?” depend on the no-quit clause?
Workers pay for their general training with or without the no-quit clause |
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With the no-quit clause, the firm can pay for general training |
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With the no-quit clause, the worker must pay for general training |
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With the no-quit clause, the firm must pay for general training |
2.5 points
QUESTION 14
Demand deficient unemployment results from
a general slowdown in business activity. |
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real wages being inflexible downward |
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changes in the skills required of workers. |
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Both a and b |
2.5 points
QUESTION 15
Workers performing dangerous jobs in the economy are typically people that
cannot find work offering better conditions. |
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see the jobs as paying well compared to alternative employment. |
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are poorly paid. |
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enjoy danger. |
2.5 points
QUESTION 16
In the human capital model of education, going to school longer
makes the worker more productive after he or she leaves school. |
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is a waste of social resources |
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signals the worker's innate ability |
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is essential to promote economic growth |
2.5 points
QUESTION 17
A government policy likely to be helpful in dealing with structural unemployment is
a requirement that firms give employees advance notice of plant closings. |
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a minimum wage law. |
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an increase in unemployment insurance. |
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the creation of public sector jobs. |
2.5 points
QUESTION 18
If the labor market flow Pue is found to equal 0.2 for a particular month, this means that
20 percent of the total adult population flowed from unemployment to employment during the month. |
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20 percent of the total labor force flowed from unemployment to employment during the month. |
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20 percent of those who were initially unemployed became employed during the month. |
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20 percent of those who were initially employed became unemployed during the month |
2.5 points
QUESTION 19
Which of the following is not a commonly used definition of the full-employment (natural) rate of unemployment?
The unemployment rate that prevails in normal times |
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The unemployment rate where the number of job vacancies equals the number of new labor force entrants |
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The unemployment rate associated with zero excess demand for labor |
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The unemployment rate at which all unemployment is voluntary |
2.5 points
QUESTION 20
The theory of compensating differentials predicts that
workers with poor conditions will earn more than those with good conditions. |
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holding worker characteristics constant, workers experiencing poor conditions will earn more than those experiencing good conditions. |
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holding wages constant, highly skilled workers will work under worse conditions than less skilled workers. |
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All of these are true |
Question: Structural unemployment is caused by
Answer : All of the above
Structural unemployment is a kind of involuntary unemployment. It can be caused by the changing patterns of labor demand, real wages being inflexible downward and high costs of occupational and/or geographic adjustment. Structural employment is caused due to the mismatch between the skills offered by workers and the skills demanded by employees, change in the pattern and structure of the economy , immobility of workers due to high cost from one geographical area with high unemployment to other area where there is shortage of labour, occupational immobility etc..
Structural unemployment is caused by changing patterns of labor demand. real wages being inflexible downward. high...
Picture an economy with 100,000 workers in its labor force. The unemployment rate is simply the number of unemployed workers divided by the number of workers in the labor force. At the beginning of January, the unemployment rate is 4.76%, so 4,760 people in the labor force are unemployed. Suppose that in January, 10% of the workers who were unemployed at the beginning of the month start new jobs. This means that ________ people leave the unemployment category in January....
QUESTION 29 In practice, jobs are not exactly alike and can be located in very different places. When this happens, a compensating wage differential can be expected to arise to attract workers to the jobs with less desirable characteristics. Such a differential is in equilibrium when all the workers are employed for the higher wage firm. all the workers who are indifferent about the adverse conditions are employed at the firm offering the most adverse conditions. each firm can obtain...
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any Web browser to search for the words "European unemployment." Just by scanning the headlines, see how many possible explanations you can list. Why Is Unemployment So High in Europe? Between World War II and the mid-1970s, unemployment in Western Europe was low. From 1960 to 1974, for example, the unemployment rate in France never got as high as 4 percent. The worldwide recession of...
1) Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any Web browser to search for the words “European unemployment.” Just by scanning the headlines, see how many possible explanations you can list. Why Is Unemployment So High in Europe? Between World War II and the mid-1970s, unemployment in Western Europe was low. From 1960 to 1974, for example, the unemployment rate in France never got as high as 4 percent. The worldwide recession of...
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2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the type of unemployment that will be affected and the direction of the change. a. The government reduce the length of time a worker may receive unemployment benefits. Frictional Unemployment would be reduced a lower the natural rate of unemployment b. More teenagers delay looking for jobs until after they complete their college education. Frictional unemployment woulld be reducedd lowered natural Rate of unemployment c....
Please answer correctly and round the answers to the nearest HUNDREDTHS place Hiring a Mix of Entry-Level Workers and Skilled Candidates under a Skill-Base Pay Program A product distribution company has recently adopted a highly complex automated operations management system with an artificial intelligence component that requires highly skilled workers. Company growth is strong and it is expected to increase through the next ten years, requiring it to build additional distribution centers. Initially, there were enough highly qualified job candidates...
pls answer all. i will like and thumbs up While economists measure unemployment at the macroeconomic level, microeconomic forces are often responsible for this macro aggregate. In other words, the tie between microeconomics and macroeconomics is inevitable when discussing the level of unemployment in an economy. Suppose the following graph represents the market for unskilled labor in a fictional economy. These workers typically represent the young, inexperienced, or uneducated part of the labor force and are therefore most effected by...
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
4) Fill in the missing values. Labor Force Employed 146028 146057 146320 Unemployed 7116 6927 Unemployment Rate 4.6 152983 153051 152435 152670 153041 153054 152749 153414 153183 153835 153918 154063 4.4 4.5 4.4 4,6 4.7 4.6 4.7 4.7 Time Period Jan2007 Feb2007 Mar2007 Apr 2007 May 2007 Jun 2007 Jul2007 Aug2007 Sep 2007 Oct2007 Nov 2007 Dec 2007 Jan2008 Feb2008 Mar2008 Apr2008 May 2008 Jun 2008 Jul2008 Aug2008 Sep 2008 Oct2008 Nov2008 Dec 2008 4.7 6850 6766 6979 7149 7067...