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Q.2.2 Briefly discuss the costs of
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- An example of a frictionally unemployed individual is a. Rod, the lifeguard, who cannot find a job because the temperature is too low in October b. Ileana, a college student who quits her job to return to school c. Steve, an individual does not have skills to keep his job as an aerospace engineer d. Samantha, who quits her job to look for a better one e. Sylvia, who quit her job to spend more time with her childrenSome economists argue that the availability of cheaper and better video games and online entertainment can influence the labour market. Explain their argument. In your answer discuss the effects on the key labour market variables such as labour force participation rate, employment rate and unemployment rate, and point out the key assumptions.Please answer everything in the photos.
- good day. ca you assist on the following Q.1.Briefly discuss the costs of unemploymentCanada has an employment insurance program (El) that provides income for those out of work. In this framework unemployment is a) still a problem because the employment insurance program provides only eligible unemployed persons with a small amount of funds that may not even be enough to cover their basic needs. Moreover the unemployed workers are sitting idle, not producing goods and services for consumption. b)not a problem because the employment insurance program is available to all workers in all occupations and provides sufficent funds to cover all of the worker's needs until they find another job. Moreoever there are enough goods and services available for consumption even if some workers sit idle. c)not a problem because the employment insurance program covers more than 70% of Canadian workers and this provides enough of the unemployed enough funds to cover their basic needs until they find another job. d)still a problem because the employment insurance program is not available…What is likely to be the impact of efforts towards reducing unemployment on the production potential of the economy!
- Suppose an economy is given by: Population = 203 million Working-age population = 124 million Labor force = 77 million The number of people employed = 70 million The number of people unemployed = 7 million The labor force participation rate for this economy is %. (Enter your response rounded to one decimal place.)A Wall Street Journal article stated that the U.S. economy added 155,000 jobs in November 2018, yet the unemployment rate, the labor force participation rate, and the employment-population ratio remained unchanged between October and November 2018. Source: Josh Zumbrun and Jeffrey Sparshott, "Did the Labor Market Slow in November? Here's How It Compares," Wall Street Journal, December 7, 2018. a. How is it possible for the economy to add jobs yet maintain the same unemployment rate, labor force participation rate, and employment-population ratio? The only way for these measures to remain constant when the number of people employed increased is A. for the number of unemployed, the working-age population, and the labor force to have all decreased by the same percentage as the increase in the number of people employed. B. if the size of the labor force was significantly larger than the actual number reported. C. for the number of unemployed, the working-age population, and the labor force…Classify each of the below individuals as employed, unemployed, not in the labor force, or not in the adult, civilian, non-institutionalized population. A retiree who will work if a job becomes available but is not actively applying: employed unemployed not in the labor force not in the adult, civilian, non-institutionalized population An employee on temporary maternity/paternity leave: employedunemployednot in the labor forcenot in the adult, civilian, non-institutionalized population A student who has begun applying for jobs but has not yet found one: employed unemployed not in the labor forcenot in the adult, civilian, non-institutionalized population An actor who works part-time at a restaurant but is looking for full-time work: employed unemployed not in the labor forcenot in the adult, civilian, non-institutionalized population
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