Frictional Unemployment a. can be created both by workers quitting to find more suitable jobs and...
Frictional Unemployment
a. can be created both by workers quitting to find more suitable jobs and changes in a country's comparative advantages
b. can be created by workers quitting to find more suitable jobs but not by changes in a country's comparative advantages
c. can be crated by changes in a country's comparative advantages, but not by workers quitting to find new jobs
d. is not created by workers quitting to find more suitable jobs nor by changes in a country's comparative advantages
Homework Answers
"A"
can be created both by workers quitting to find more suitable jobs and changes in a country's comparative advantages, for example if the comparative advantage of the nation is to produce wool now it has changed to producing jackets so the worker of the wool industry will shift to jacket or any other industry this will cause frictional unemployment hence answer is "A".
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Frictional Unemployment
a. can be created both by workers quitting to find more suitable
jobs and...
The Mankiw text covers several types of unemployment, including frictional unemployment (the time lag for workers...
The Mankiw text covers several types of unemployment, including frictional unemployment (the time lag for workers to find a job to fit their skills), structural unemployment (when the number of workers exceeds the number of jobs), and cyclical unemployment (when unemployment deviates from the natural rate of unemployment). To complete the Discussion activity, write a post that answers the following questions: One type of unemployment the text does not cover is seasonal unemployment. Research seasonal unemployment and write a discussion...
Historically, for most Americans, the length of unemployment is: a. usually more than one year. b....
Historically, for most Americans, the length of unemployment is: a. usually more than one year. b. usually more than three months. c. less than one week. d. usually less than three months. e. indefinite. A drawback of unemployment benefits is that: a. they cost taxpayers over 50 percent of their incomes. b. the payments are too large. c. they give workers a disincentive to find work. d. they always lengthen the time spent unemployed. e. they increase job destruction. Frictional...
Suppose the unemployment rate is very low. It will be ___ for firms to find workers to hire, and it will be ___ for workers to find jobs. Thus, ___ will have relatively more bargaining power than ___. As the unemployment rate gets low, the wage will ___.
Suppose the unemployment rate is very low. It will be ___ for firms to find workers to hire, and it will be ___ for workers to find jobs. Thus, ___ will have relatively more bargaining power than ___.As the unemployment rate gets low, the wage will ___. Thus, if the unemployment rate were ever to approach zero, the wage rate would become ___.
Find the size of the civilian labor force from the following data: frictional unemployment = 150,...
Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000. Select one: O a. 1,425 O b. 2,000 c. 1,450 d. 1,500
5. What does the natural unemployment rate include? a. both frictional and structural unemployme
5. What does the natural unemployment rate include? a. both frictional and structural unemployment b. neither frictional nor structural unemployment c. structural unemployment, but not frictional unemployment d. frictional unemployment, but not structural unemployment Answer: 6. A foreign governmental statistics agency recently reported that there were 47.6 millionpeople over age 25 who had at least a bachelor’s degree. Of this number, 38.0 million were in the labour force and 35.9 million...
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the...
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....
Which of the following would help reduce the amount of frictional unemployment? Choose one or more:...
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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....
Which of the following concerning unemployment is not correct? a. Frictional unemployment is always present. b....
Which of the following concerning unemployment is not correct? a. Frictional unemployment is always present. b. Cyclical unemployment can be corrected by varying demand. c. Structural unemployment is more difficult to identify and correct than other types of unemployment d. The discouraged worker is one who has enough income to retire.
4. If an unemployed person quits looking for work, ceteris paribus, A. the unemployment rate increases....
4. If an unemployed person quits looking for work, ceteris paribus, A. the unemployment rate increases. B. the unemployment rate decreases. C. the size of the labor force falls. D. A and C, only E. B and C only 6. Which of the following statements is (are) correct? (x) Job search is the process of matching workers with appropriate jobs and people who are unemployed because of job search are best classified as frictionally unemployed. (y) Frictional unemployment can be...
Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000. Select one: O a. 1,425 O b. 2,000 c. 1,450 d. 1,500
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....
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....
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