Tougher product market competition will reduce structural unemployment. Discuss

Q: Describe the costs unemployment

A: Unemployment can have significant individual costs, affecting those who are without a job. These…

Q: Structural Unemployment occurs when wage is kept above equilibrium. There are three reasons for…

A: Structural unemployment occurs when wages do not exist. Adjust in equilibrium so that the number of…

Q: Explain why there will always be some unemployment when the labour market is in equilibrium.

A: Unemployment can be defined as a situation in which individuals who are employable and seeking a job…

Q: Pegion, in part because of high union-negotiated wages. He would like to work at the high union wage…

A: Unemployment refers to situation where a worker is capable and want to work but still does not find…

Q: If technological change increases structural unemployment, why do most governments and economists…

A: All types of technological change can cause substantial changes in the economy and it can cause…

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: One policy based source of structural unemployment is     retraining programs     economic…

A: Unemployment refers to a situation when a person wants to work but he can not find a paid job.

Q: What is the replacement ratio and how can it cause structural unemployment

A: Structural unemployment is a longer-lasting form of unemployment caused by fundamental shifts in an…

Q: What is the macroeconomic cost of unemployment?   social stress   inflation   national…

A: Unemployment has a direct effect on countrywide production because when people are unemployed, they…

Q: During periods of expansion, the demand for labor will increase. This causes wages in the econor to…

A: Economic expansion results in economic growth which has the following impact.

Q: explain why the oil industry in the US is an example of structural unemployment and whether it's…

A: Structural unemployment: It can occur due to changes in the structure of the economy, suppose there…

Q: what are the  strategies to address the issue of structural unemployment

A: Structural unemployment is a type of unemployment that persists and is caused by fundamental changes…

Q: Discuss methods to overcome unemployment in India

A: Unemployment occurs when a person is ready and willing to work at the prevailing wage rate but is…

Q: Discuss the historical patterns of unemployment of any chosen economy

A: Unemployment describes a condition in which a job seeker is unable to find work. Unemployment is…

Q: Why is thè ünem Native American relevant data an phenomenon.

A: A state where a person is actively in search of employment and is unable to find a job or work is…

Q: Consider the Solow growth model. Suppose F(K,N) = ZKªN1-a where a = 0.3. Also, assume that capital…

A:

Q: Structural unemployment is increased when the wage is kept above the market-clearing wage by: a)…

A: Structural unemployment refers to the unemployment which occurs due to the mismatch between the…

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: The Australian Bureau of Statistics(ABS) reported in May2017 that the civilian population in…

A: Civilian Population over 15 years =20.8 million Employed civilian population = 13.5 million…

Q: Discuss natural unemployment and the factors influencing its level.

A: Unemployment refers to the condition of a person who is without a job and actively seeking…

Q: Explain how a government might tackle structural unemployment.

A: Answer - Structural unemployment - This is the unemployment which occur due to structural changes…

Q: What is structural unemployment. Write in brief

A: Though the concept of full employment says that there is almost no unemployment and everybody who…

Q: Describe how a rise in the wage rate might cause unemployment

A: People who are unemployed are those who are qualified to work but are unable to find job despite…

Q: Provide three policies that can reduce unemployment. Explain

A: Three policies that can reduce unemployment are as follows:- 1. Monetary policies :– Cutting…