Give your opinion to this statement: The problem of unemployment can only be solved by opening as many jobs as possible.

Q: TRUE or FALSE and explain your answer: Unemployed persons are part of the labour force.

A: Labor Force:  The Labor force includes all those people who are currently working and/or in search…

Q: Assume you have the following information about an economy: Labor Force of an Economy Number of…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: During a recession, which is more flexible in finding new employment: labor or capital goods? Why…

A: Employment is the situation where a person has a paid job or is in some occupation. The individual…

Q: Present three major arguments of those who believe that IT will result in massive unemployment.

A: Technological growth contributes to industry development, expedites research, and fosters global…

Q: Assume that in a country, the total labour force is 150,000 workers, and the total numbers of…

A: Here,  The total labor force is 150,000 workers. The total number of workers employed is 145,500

Q: If there are 160,000 adults in the population of Hugo and 140,000 are working, what are the labor…

A: Labor force is the sum of people who are employed and unemployed.

Q: Which is better? To have eight people unemployed each for one month To have one person unemployed…

A: At the point when people do not have any work and are actively searching for work then they are said…

Q: Discuss the different types of Unemployment. Give Examples

A: Unemployment is a condition when a individual actively finding for a job and is unable to find work.…

Q: All types of unemployment are natural except one, which is

A: Unemployment refers to a situation when people who look for job and are willing to work at  at the…

Q: What is meant by the full employment or the natural rate of unemployment? Which type of unemployment…

A: In an economy, unemployment refers to the situation when labor supplied exceeds labor demand in the…

Q: What type of unemployment does each of the following represent? Explain your answers.

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Assuming the total population is 100 million, the civilian labor force is 80 million, and 76 million…

A: Unemployment Rate = [(Labor Force - Employed) / Labor Force]*100%

Q: Jake is a full-time worker. Today, he is fired from his job, and he suddenly decides to retire. Due…

A: Here, jr is given that that an lost his job and become unemployed, but at the same time, he decides…

Q: Describe the following term: "Unemployment".  Is it: Inflation Price Level National Income none of…

A: Unemployment is defined as when an individual who is willing to work but he is unable to find any…

Q: Imagine that during an expansion the U.S. economy adds 300,000 jobs. In addition, because of the…

A: The unemployment rate is the proportion of the labor force that is not currently employed but are…

Q: If some employed workers exit the labor force, the unemployment rate will be ______

A: The unemployment rate is a portion of the unemployed of the labor force. The labor force is a sum of…

Q: Suppose the economy of Questville has an adult (over age 16) population of 100 million, with a labor…

A: Unemployment is a situation where a qualified job seeker is unable to find a job. The government…

Q: Through the basic equation of the labor market (L = E + U), prove that in a steady state the open…

A: Labor market basic equation  L=E+U Here L=No. of workers in the labor force E=No. of employed…