Structural unemployment is increased when the wage is kept above the market-clearing wage by: a) unemployment insurance. b) worker mobility. c) skill-biased technological change. d) labor unions.

Q: Suppose the world price of aluminum falls significantly. The demand for labor among…

A: Unemployment is when a person who is able to work and willing to work at the prevailing wage rate…

Q: Which of the following statements is false? Sticky wage theories presume that the main cause of…

A: Statement 1 is true- Wages can be stifled for a variety of reasons, including labor unions and…

Q: 15. Which of the following is an example of frictional unemployment? (A) Workplace vaccine mandates…

A: Types of unemployment. Cyclical unemployment:  It is associated with the economic recession. When a…

Q: Which of the following events may increase labor demand? Check all that apply. A technological…

A: Labor demand refers to an economic principle derived from the output demand of a firm.

Q: 1)Total Population 330.0 million Adult, noninstitutionalized, non military population  260.0…

A: Here, Total population is given as: 330.0 million Working age population: 260.0 million And  total…

Q: Technological innovation shifts upwards the productivity and price setting curves. This always…

A: When technological innovation takes place, it regularly leads to improved productivity and…

Q: Heterogeneity and the dynamic nature of labor markets are the principal causes of frictional…

A: The labour market, often known as the job market, is concerned with the supply and demand for…

Q: Suppose the world price of steel falls substantially. The demand for labor among steel-producing…

A:

Q: The tightness of the labor market is defined as: number of employed worker per filled job number of…

A: Introduction  The labor market, also known as the job market, refers to the supply of and demand for…

Q: Improvements in the productivity of labor will tend to:     decrease wages.     decrease the…

A: The demand curve is downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: Frictional unemployment is: unemployment that is due to the friction of competing ideological…

A: Frictional unemployment is defined as joblessness caused by typical labour market turnover. Labor…

Q: employment=225, d

A: ‘Unemployment’ refers to a situation where people are ready for the job but unable to find it. The…

Q: Examine the following expression and analyze it: One of the benefits of unemployment is that it…

A: In an economy, unemployment rate refers to the proportion of labor force tgat are unable to get job…

Q: If there is an increase in productivity or an increase in the demand for the final product, what is…

A: Labour demand curve is downward sloping and it shows the relationship between wage rate and the…

Q: 4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of cotton…

A: Frictional unemployment is the type of unemployment which occurs when the person shifts from one job…

Q: According to the traditional theory of wages, wages are mainly determined by Group of answer choices…

A: In economics, traditional theories refer to the basic concept related to economic activities that…

Q: High unemployment is socially wasteful. Why?

A: Unemployment is a term referring to individuals who are employable and actively seeking a job but…

Q: Explore the effects of artificial intelligence (AI) and automation on the wage gap between skilled…

A: The issue fixates on figuring out how head ways of computerized reasoning (simulated intelligence)…

Q: Frictional unemployment is the Frictional unemployment is the a) unemployment that results when…

A: We have to find Frictional unemployment .

Q: Sally has just graduated with an aeronautical engineering degree and has struggled to find work…

A: The increase in the unemployment rate has been a major concern for most economies. The unemployment…