High unemployment is socially wasteful. Why? What is convergence hypothesis? Why should we expect convergence in...
High unemployment is socially wasteful. Why?
What is convergence hypothesis? Why should we expect convergence in the long run?
Homework Answers
Question : High unemployment is socially wasteful. Why?
Answer : Yes it is true that high unemployment is socially wasteful. This is because there will be a loss of valuable resources if job opportunities sufficient for all the people who are willing to work are not been created by the economy. Hence the goods and services that might have been produced if these people who are willing to work are employed are forever lost for the consumers from enjoying it . This loss in production of goods and services is the cost of high unemployment faced by the economy. Thus high unemployment is always socially wasteful.
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High unemployment is socially wasteful. Why?
What is convergence hypothesis? Why should we expect convergence
in...
1. According to Gary Becker, why should we expect competition to eliminate discrimination? 2. What is...
1. According to Gary Becker, why should we expect competition to eliminate discrimination? 2. What is implicit bias, and what was reported with respect to NBA referees?
If we reject a null hypothesis, should we state that we have proved the alternative hypothesis...
If we reject a null hypothesis, should we state that we have proved the alternative hypothesis to be true? Briefly explain why or why not.
what should we expect to be the result of 30e^4t=6
what should we expect to be the result of 30e^4t=6
What would you expect to see in terms of positive predictive value (should it be high...
What would you expect to see in terms of positive predictive value (should it be high or low) if you were to administer a diabetes screening test to the following populations? *explain the reasons for you answer* a. Healthy college students b. Residents of a high income white urban neighborhood C. Occupants of a retirement community
Would you expect a high spin d5 complex to be strongly colored or not and why?...
Would you expect a high spin d5 complex to be strongly colored or not and why? What about a low spin d5 complex and why?
Please upload a file or a picture of your answers 1. If unemployment is allowed, what...
Please upload a file or a picture of your answers 1. If unemployment is allowed, what is the equilibrium condition? 1. Draw in the graph, the demand, wage rates of both sectors, the employed labor in the urban sector 1. Draw the convex curve function of the unemployment rate, and label the equilibrium level or unemployment in your graph. 1. Why is the unemployment rate curve convex? 2. In the long run, if the employment rate is doubled, what will...
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any...
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...
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...
What is the likely long-term impact of Obama's fiscal policy actions on unemployment? On inflation? On...
What is the likely long-term impact of Obama's fiscal policy actions on unemployment? On inflation? On the public debt? If fiscal policymakers focused just on long-run consequences, what actions should they have taken in 2009?
7. In the 3 markets which comprised the classical model, what should we expect if only...
7. In the 3 markets which comprised the classical model, what should we expect if only 1 firm existed? (The firm which hires and produces goods, instead of being in perfect competition, we have a situation where a monopsony in labour exist, and a monopoly in output sale exist). To answer this question, go back and (1) explain what outcome we expect to see from those market types. (2) then discuss how those outcome are different than what we find....
What would you expect to see in terms of positive predictive value (should it be high or low) if you were to administer a diabetes screening test to the following populations? *explain the reasons for you answer* a. Healthy college students b. Residents of a high income white urban neighborhood C. Occupants of a retirement community
Please upload a file or a picture of your answers 1. If unemployment is allowed, what is the equilibrium condition? 1. Draw in the graph, the demand, wage rates of both sectors, the employed labor in the urban sector 1. Draw the convex curve function of the unemployment rate, and label the equilibrium level or unemployment in your graph. 1. Why is the unemployment rate curve convex? 2. In the long run, if the employment rate is doubled, what will...
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...
7. In the 3 markets which comprised the classical model, what should we expect if only 1 firm existed? (The firm which hires and produces goods, instead of being in perfect competition, we have a situation where a monopsony in labour exist, and a monopoly in output sale exist). To answer this question, go back and (1) explain what outcome we expect to see from those market types. (2) then discuss how those outcome are different than what we find....
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