Q5. Which of the following situations correspond to cyclical unemployment, structural unemployment, frictional unemployment and exit from the labor force, and why? a. Some of your friends just graduated from college and have 7.2 been looking for jobs for the past five weeks. b. Christine lost her job as a biologist at a biotech company when the whole industry went into recession. c. Gerhard, who used to be a taxi driver, stopped looking for a job three months after he lost his job.

Q5. Which of the following situations correspond to cyclical unemployment, structural unemployment, frictional unemployment and exit from the labor force, and why? a. Some of your friends just graduated from college and have 7.2 been looking for jobs for the past five weeks. b. Christine lost her job as a biologist at a biotech company when the whole industry went into recession. c. Gerhard, who used to be a taxi driver, stopped looking for a job three months after he lost his job.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Suppose employment is 45 million and unemployment is 2 million. Also, each month an average of 0.6 million unemployed find jobs, 0.5 million employed become unemployed, 0.2 million unemployed quit looking for jobs, and 0.3 million new graduates start looking for jobs. What is the average duration of unemployment each month? (round to the nearest decimal) a. All of the answers here are incorrect b. 2.5 c. 2.3 d. 1.3 e. 2.6
Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman in a wheelchair) asks you whether this is a good rate and if it is an improvement? What is your answer? What are the issues that you need to think about before giving your answer? Explain your answer using the concepts learned in the module. Bell-land is not the same as the U.S.
clearly explain the causes of unemployment in the Sultanate of Oman?
Do a brief description about unemployment rate by educational level. What is the U.S. unemployment rate in 2021? How much was in U.S. 2020 due to the COVID-19, started in Wuhan, China?
Types of Unemployment Label the below statements with one of the following types of unemployment: Frictional Seasonal Cyclical Structural 1. 2. 3. 4. A nurse was not satisfied with her job in a hospital so she left the job to find a new job in a health clinic. Fred Flintstone was laid off from the Quarry because the nation is suffering from a recession. Cical A factory lays workers off from producing CDs due to demand changes to MP3 systems. Ronald McDonald, who just graduated from Clown School, is looking to find his first real job. Frictional 5. Every winter, brick layers in the north have no work. 6. Scooby Doo is looking for a job during the winter since Kings Island is closed until spring. Sea 7. Since graduating from law school, a woman waits to interview several firms before selecting a new job. 8. Paul Bunyan lost his job as a lumberjack because the timber company he works for decided to just buy chainsaws. Structural 9. An apple picker only finds work during the harvest…
q2
Q4. Assess whether the following would be counted as unemployed or not unemployed in the Current Employment Statistics survey. Write next to the sentence if it’s: A. Not unemployed or B. Unemployed
part D E F
Answer it correctly with short explanation of each.
10. Which of the following is the most appropriate cause of structural unemployment? a.Seasonal changes b.Economic expansions c.Recessions d.Technological changes
Q 1. Calculate the unemployment rate based on the information provided below: Total population 50000 Women 4000 Sick elderly people 400 Children 6000 Employed 25000 Retired people 2500
Explain the concept of the unemployment rate and how the unemployment rate is calculated. Briefly explain why a high unemployment rate tends to be considered problematic.