Chapter 8: Unemployment Question 1 The Department of Statistics, Malaysia announced that in 2005, of all adult Malaysians, 10.547,500 were employed, 379.100 were unemployed, and 5.628.800 were not in the labour force. Use this information to calculate: a) The adult populati on b) The labour force c) The labour-force participation rate Group 1, 4 & 9 d) The unemployment rate Question 3 Are the following warkers more likely to experience short-term or long-term unemployment? Explain. a) A construction worker laid off because of bad weather. b) A manufacturing worker who loses her job at a plant in an isolated area. c) A stagecoach-industry worker laid off because of competiti on from railroads. d) A short-order cook who loses his job when a new restaurant opens across the street. Group 2, 5 & 7 e) An expert welder with little formal education who loses her job when the company installs automatic welding machinery. Question 8 Consider an economy with two labour markets - one for manufacturing workers and one for service workers. Suppose initially that that neither is unionized. a) If manufacturing workers formed a union, what impact on the wages and employment in manufacturing would you predict? Group 3, 6 & 8 b) How would these changes in the manufacturing labour market effect the supply of labour in the market for service workers? What would happen to the equilibrium wage and employment in this labour market?
Chapter 8: Unemployment Question 1 The Department of Statistics, Malaysia announced that in 2005, of all adult Malaysians, 10.547,500 were employed, 379.100 were unemployed, and 5.628.800 were not in the labour force. Use this information to calculate: a) The adult populati on b) The labour force c) The labour-force participation rate Group 1, 4 & 9 d) The unemployment rate Question 3 Are the following warkers more likely to experience short-term or long-term unemployment? Explain. a) A construction worker laid off because of bad weather. b) A manufacturing worker who loses her job at a plant in an isolated area. c) A stagecoach-industry worker laid off because of competiti on from railroads. d) A short-order cook who loses his job when a new restaurant opens across the street. Group 2, 5 & 7 e) An expert welder with little formal education who loses her job when the company installs automatic welding machinery. Question 8 Consider an economy with two labour markets - one for manufacturing workers and one for service workers. Suppose initially that that neither is unionized. a) If manufacturing workers formed a union, what impact on the wages and employment in manufacturing would you predict? Group 3, 6 & 8 b) How would these changes in the manufacturing labour market effect the supply of labour in the market for service workers? What would happen to the equilibrium wage and employment in this labour market?
Chapter1: Making Economics Decisions
Section: Chapter Questions
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i want the answer of question 1 C D by steps
Transcribed Image Text:Chapter 8: Unemployment
Question 1
The Department of Statistics, Malaysia announced that in 2005, of all adult Malaysians,
10,547,500 were employed, 379.100 were unemployed, and 5,628,800 were not in the labour
force. Use this information to calculate:
a) The adult populati on
b) The labour force
c) The labour-force partici pation rate
Group 1, 4 & 9
d) The unemployment rate
Question 3
Are the following warkers more likely to experience short-term or long-term unemployment?
Explain.
a) A construction worker laid off because of bad weather.
b) A manufacturing worker who loses her job at a plant in an isolated area.
c) A stagecoach-industry worker laid off because of competiti on from railroads.
d) A short-order cook who loses his job when a new restaurant opens across the street.
Group 2, 5 & 7
e) An expert welder with little formal education who loses her job when the company
installs automatic welding machinery.
Question
Consider an economy with two labour markets – one for manufacturing workers and one for
service workers. Suppose initially that that neither is unionized.
a) If manufacturing workers formed a union, what impact on the wages and employment
in manufacturing would you predict?
Group 3, 6 & 8
b) How would these changes in the manufacturing labour market effect the supply of
labour in the market for service workers? What would happen to the equilibrium wage
and employment in this labour market?
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