What is it called when the economy is deprived of the production and the gain of this factor if the labor is not employed?    a) Ta employment  B) Increase in crimes  NS) Direct product and revenue loss  D) loss of human capital  TO) natural unemployment

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

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A: Question no 15: Unemployment refers to individuals belonging to working population, willing to do…

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A: The economics as a study is based upon the basic idea of scarcity, and the resources which are…

Q: Which of the following ages is not included in the labor force?    a) 14  B) 34  NS) 54  D)…

A: Labor force = employed+unemployed

Q: Real wage 5 Employed Wage-setting curve Workers (millions) Labour supply Labour productivity A…

A: The objective of the question is to identify the incorrect statement about the effects of an…

Q: 3. Suppose the economy has a natural rate of unemployment of 5%. (a) . Suppose short-run output over…

A:

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A: What is the name given to the change in the economy that results from the change in the structure of…

Q: positive oil shock: Suppose scientists discover a new way to extract oil from deposits that were…

A: Answer in step 2.

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A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

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A: In an economy, people face difficulties in finding jobs due to lack of opportunities available in…

Q: In a competitive labor market, labor demand is downward-sloping because wages fall as economies…

A: We have to find in a competitive labour market , labour demand is downward sloping .

Q: 5. Problems and Applications Q5 Economists use labor-market data to evaluate how well an economy is…

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A: The Separation Rate calculates the proportion of workers who quit their jobs during the reporting…

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A: Minimum wage is the lowest wage that has to give for the labor. Generally, minimum wage is greater…

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A: Unemployment occurs when a person wishes to work but does not currently have one. Those who work…

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A: Unemployment Rate is derived by dividing total unemployed people to the total people in the labor…

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A: Employment refers to the number of people who are currently working and have jobs. It represents the…

Q: What does the sum of frictional and structural unemployment indicate?

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A: Discouraged laborers establish one gathering of inert work-searchers. These are persons who, while…

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A: Production gap shows the difference between actual production and perceived potential production.

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A: the correct answer is A. panel data

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

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A: CPI is used to calculate inflation level in the economy.

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A: *ANSWER :-

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A: The wage difference may be occurred due to many factors such as compensating differential,…

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A: A slack in the labor market implies that the dd for laborers is insufficient to provide employment…

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A: Labor force includes employed as well as unemployed workers in the economy.

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A: Unemployment occurs when a person who wants to work at the prevailing wage rate is unable to find…

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A: Labor productivity represents the total amount of production (measured in terms of Gross Domestic…

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A: Compensating differentials refer to wage differences that arise due to non-monetary factors such as…

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A: Minimum wage legislation. The minimum wage is the lowest salary that companies are legally allowed…

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A: It refers to the store of knowledge, skills, abilities,  by individuals that contribute to their…