4. Sectoral shifts, frictional unemployment, and job searches The Suppose the world price of tobacco falls significantly. The demand for labor among tobacco-producing firms in Kentucky will demand for labor among cigarette manufacturing firms in Virginia, which use tobacco as an input, will The temporary unemployment that results from sectoral shifts such as the ones describes above is best categorized as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Establishing government-run employment agencies to connect unemployed workers to job vacanci cancies Improving a widely used job-search website so that it matches workers to job vacancies more effectively Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government

4. Sectoral shifts, frictional unemployment, and job searches The Suppose the world price of tobacco falls significantly. The demand for labor among tobacco-producing firms in Kentucky will demand for labor among cigarette manufacturing firms in Virginia, which use tobacco as an input, will The temporary unemployment that results from sectoral shifts such as the ones describes above is best categorized as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Establishing government-run employment agencies to connect unemployed workers to job vacanci cancies Improving a widely used job-search website so that it matches workers to job vacancies more effectively Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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4. Sectoral shifts, frictional unemployment, and job searches . The Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will demand for labor among automobile-producing firms in Michigan, for which steel is an input, will The temporary unemployment unemployment. resulting from such sectoral shifts in the economy is best described as Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. O Establishing government-run employment agencies to connect unemployed workers to job vacancies O Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government O Improving a widely used job-search website so that it matches workers to job vacancies more effectively
,4. Define and explain what is unemployment?
In order to improve the living standards of the people in Philippines after the devastating typhoon Haiyan, the government decided to increase the labour wage per hour from AUD 17.50 to AUD 25.00. Also, Philippines experienced structural unemployment and frictional unemployment. 1. What is the hardest type of unemployment that Philippines experienced as a result of typhoon Haiyan? Explain your answer. 2. Use the figure below to examine the effects of the government minimum wage of AUD 25.00 in Philippines. a.Examine the effect of government minimum wage of AUD 25.00. Assume the increase labour is equivalent to the total labour force and calculate the unemployment rate b.The figure below indicates that the aggregate demand curve slopes left to right downwards. Explain the factors that account for the shape of the Aggregate demand curve.
4. As of July 2015, the unemployment rate in the United States was 5.5 percent. What would economists call this level of unemployment? A. Structural unemployment B. Cynical unemployment C. High level of unemployment D. Normal unemployment
22 : What is the name of unemployment that occurs in certain periods in the economy?a)Cyclical unemployment B)Frictional unemployment NS)All unemployment D)natural unemployment TO)Structural unemployment
12. Name the type of unemployment occurring in each of the causes below. (a) Frank recently lost his job as the computer manufacturing company he works for recently downsized after poor sales and poor performance of the economy during the last Type of unemployment: (frictional, cyclical, structural ) year. (b) Julie just recently graduated from college and is spending the summer traveling before she begins a job with a consulting firm in the fall. Type of unemployment: (frictional , cyclical, structural) (c) Tom recently lost his job as the steel manufacturing firm he worked for moved their plant overseas. The other steel plants in the nation have been also been following this trend. Type of unemployment: (frictional , cyclical, structural ) The full-employment or natural rate of unemployment assumes there is no ( among the three types of unemployment. unemployment
4. Sectoral shifts, frictional unemployment, and job searches . The Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will The temporary unemployment demand for labor among automobile-producing firms in Michigan, for which steel is an input, will resulting from such sectoral shifts in the economy is best described as unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Improving a widely used job-search website so that it matches workers to job vacancies more effectively Taxing the price of placing a resume or posting a job opening on a job-search website Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government
4. What type of unemployment (cyclical, frictional, or structural) applies to each of the following: (Explain why you are choosing that type of unemployment) 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 c. a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona for printed catalogues and flyers as firms go to the internet to promote and advertise their products. d. printers laid off due to drop in demand
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Scenario 1. Assume that frictional unemployment is 25; structural unemployment is 50; cyclical unemployment is 150; discouraged workers = 75; employed workers = 750; underemployed workers = 200. Use this information to answer the following 5 questions.Refer to Scenario 1. What is the size of the labor force? Question 12 options: a) 1175 b) 750 c) 975 d) 1250