rhe most significant real economic cost of high unemployment is: a) the potential goods and services that might have been produced but weren't b) the money cost of retraining persons to obtain new jobs c) lost tax revenue that might have been paid by persons

Q: Percent of abor Force 10% Line A Line B 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 'hat…

A: Unemployment refers to a scenario in which the people belonging to the working group, who are able…

Q: WAGE (Dollars per hour) 15 12 0 0 400 Labor Supply 200 600 800 QUANTITY (Thousands of workers) Labor…

A: The labor market is a fundamental component of any economy, representing the interaction between the…

Q: frictional or structural unemployment and increase or decrease the measured natural rate of…

A: The increment in the labor force due to the baby boom will results into the frictional unemployment…

Q: None

A: Answer 1.Here's a detailed explanation for each situation and the corresponding type of…

Q: What are the reason for structural unemployment select all that apply a- side effect of goverment…

A: Structural unemployment is the type of unemployment where the people don't have that skill which is…

Q: Do the migration trends, unemployment trends and rural-urban income ratio trends behave in the way…

A: A theoretical framework called the Harris-Todaro model aims to explain how migration trends,…

Q: Give 4 possible reasons of the correlation between immigration and decreased of unemployment rates?

A: Immigration refers to the inflow of workers into the country. It aggravates the population of the…

Q: If the monthly outflow from unemployment equals 500,000 people and the average duration of an…

A: Unemployment alludes to the condition of being without a paid job or occupation while effectively…

Q: Cyclical unemployment   a. is joblessness related to regular seasonal events such as holidays or…

A: There are mainly 3 types of unemployment; cyclical, frictional and structural unemployment.

Q: Cyclical unemployment is O when workers stop looking for jobs because they feel no jobs are…

A: There are 4 types of unemployment that is:- Seasonal unemployment. Frictional unemployment. Cyclical…

Q: Maria's current employment pays her $10 per hour, her disutility of effort is $3 per hour and the…

A: Unemployment is the situation where an individual in the working-age population, who is actively…

Q: c. Describe the relationship between the size of the employment rent and (i) the expected duration…

A: The labour supply is the total number of hours that people are able and willing to work for a…

Q: Summarize the labor market flows (both in terms of definitions and in terms of what the data show.…

A: The labor market is the place where employers and employees meet and interact. The equilibrium wage…

Q: Which of the following statements is FALSE? high rates of unemployment often have a way of…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: which type of unemployment reflects the situation above? Define this unemployment.

A: 1) The type of unemployment stated here is cyclical unemployment.

Q: Joel is presently unemployed due to Covid-19. However instead of having employment records to…

A: Unemployment benefits are the payments given by the State to unemployed person. People who can avail…

Q: 2. What is the natural rate of unemployment? Explain the difference between frictional unemployment…

A: Answer: The natural rate of unemployment: It refers to the rate of unemployment that exists when the…

Q: QUESTION 20 Which of the following is correct? O Cyclical unemployment is caused by an increase in…

A: An individual who belong to a legal age of working but are not working due to various reason is…

Q: all of the following policies were adopted by government in an attempt to reduce the natural rate of…

A: Unemployment are defined as the people in the  job market that are actively seeking for unemployment…

Q: Suppose you live iw a community of 100 people where everyowe is able and seeks to wetrk. I6 75…

A: Unemployment Rate = Total Unemployed / Total Labor Force * 100 Labor Force Participation Rate =…

Q: In February 2020 the number of unemployed in the U.S. was 5.8 million and the unemployment rate was…

A: Given that there existed unemployment in Feb 2020 and there were vast majority of  people who remain…

Q: 2. Explain the difference between frictional unemployment and structural unemployment. Be sure to…

A: The difference between the two types of unemployment are:-

Q: c. Unemployment Rate d. Labor Force Participation Rate

A: Civilan non-institutionalized working age population is that portion of the total population who are…

Q: It is profitable to hire labor so long as: A. The MPlabon is greater than wage B. The MPlabor) is…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: A worker is about to undergo a sequential job search.  The federal government passes emergency…

A: Here Answer is "Job search to be longer and the worker will accept a higher wage."

Q: Country A has a total population of 100 million, of which 80 percent are adults (and hence are…

A: Unemployment refers to a situation where an individual in the working-age population, who is…