21.Select the answer that describes the manner in which workers' abilities and preferences are matched with...
21.Select the answer that describes the manner in which workers' abilities and preferences are matched with jobs that match those abilities and preferences.
compensating differentials
skill match
job search
Leontief paradox
Which type of unemployment is a result of the time that it takes to complete the matching process?
seasonal unemployment
structural unemployment
frictional unemployment
cyclical unemployment
Homework Answers
Ans. Skill match
the above-given situation is known as a skill match, where the employer's stated requirement of workers' abilities matched with workers.
Ans. frictional unemployment
frictional unemployment is normal phenomena in a market economy. When the worker starts a search for job, it takes some time for the matching process with an employer. suppose a student graduated, he would not get job immediately, but the matching process takes some time.
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21.Select the answer that describes the manner in which workers'
abilities and preferences are matched with...
A type of unemployment in which workers are in-between jobs or are searching for new and...
A type of unemployment in which workers are in-between jobs or are searching for new and better jobs is called _______ unemployment: Group of answer choices frictional structural cyclical seasonal
Macroeconomic Use the following news clip to work Problems sand 7 Tough Search for Workers as...
Macroeconomic
Use the following news clip to work Problems sand 7 Tough Search for Workers as Hiring Lage Job Openings Job openings increased 82,000 to 5.43 millior, aed employers are having a tough time finding quaisicd workers to fill them. Hiring to fill openings increased 30,000 to 5.2 million. An economist commented that job openings are high relative to unemployment which is a sign of a mismatch between the skills de- manded and the skills available. Source: The New York...
Critical Thinking: Assume an economy that has a total population of 290 million people of which...
Critical Thinking: Assume an economy that has a total population of 290 million people of which 50 million are not eligible to work. Assume the economy has a LFPR of 75% where everyone would like full-time work, but only 130 million people are working full-time and the remainder is engaged in part time work. An evaluation of the rest of the labor force would be broken down as such: a recent recession caused the industrial sector to lay off 30...
21. Insofar as government public policy is concerned, the best way to battle unemployment would be...
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...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate?...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
12) Assume the U.S. population is 300 million. If the working age population is 240 million,...
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
need it as soon as posible today please. thanks it is Macroeconomics 20) As per capita...
need it as soon as posible today please. thanks
it is Macroeconomics
20) As per capita GDP has increased a) life expectancy has decreased b) rate of illiteracy has increased c) rate of infant mortality has increased d) amount of leisure time has increased in the US and other O countries, the 21) Which of the following will most likely occur during the a) real GDP rises, unemployment rate falls b) real GDP declines, inflation rate rises c) le of...
Q1 Which of the following are included and which are excluded in calculating this year's GDP....
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
6) in the U.S., which is not a specific stated goal of Government policies?: a) price...
6) in the U.S., which is not a specific stated goal of Government policies?: a) price stability b) full employment c) growth d) social well-being (welfare, or "happiness") 7) The unemployment rate is defined as: a) civilian labor force/civilian non-institutional population b) unemployed/civilian labor force 0) discouraged workers/civilian labor force d) none of the above , 8) The term "final goods" refers to: a) raw materials b) goods whose value has been adjusted for changes in the price level c)...
its mcq and short question answer. 19) If the Consumer Price Index chenges from 120 in...
its mcq and short question answer.
19) If the Consumer Price Index chenges from 120 in year ene to 150 in yeae twe, the rae of inflation in the intervening yenr is A) 10 percent B) 12.5 percet 9 20 percent D) 25 percent E) 30 percent HORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 20 20) The Consumer Price Index tends to the true problem of inflation 28) Suppone that the...
Macroeconomic
Use the following news clip to work Problems sand 7 Tough Search for Workers as Hiring Lage Job Openings Job openings increased 82,000 to 5.43 millior, aed employers are having a tough time finding quaisicd workers to fill them. Hiring to fill openings increased 30,000 to 5.2 million. An economist commented that job openings are high relative to unemployment which is a sign of a mismatch between the skills de- manded and the skills available. Source: The New York...
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...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
12) Assume the U.S. population is 300 million. If the working age population is 240 million, 150 million are employed, and 6 million are unemployed, what is the size of the labor force? A. 150 million B. 240 million C. 144 million D. 156 million E. 300 million 13) The unemployment rate generally A. decreases; decreases _during recessions and generally . during expansions. B. increases; increases C. increases; decreases D. increases; does not change E. decreases; increases 14) Frictional unemployment...
need it as soon as posible today please. thanks
it is Macroeconomics
20) As per capita GDP has increased a) life expectancy has decreased b) rate of illiteracy has increased c) rate of infant mortality has increased d) amount of leisure time has increased in the US and other O countries, the 21) Which of the following will most likely occur during the a) real GDP rises, unemployment rate falls b) real GDP declines, inflation rate rises c) le of...
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
its mcq and short question answer.
19) If the Consumer Price Index chenges from 120 in year ene to 150 in yeae twe, the rae of inflation in the intervening yenr is A) 10 percent B) 12.5 percet 9 20 percent D) 25 percent E) 30 percent HORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 20 20) The Consumer Price Index tends to the true problem of inflation 28) Suppone that the...
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