Which economists contributed a model of the whole economy in which there would generally, be unemployment? a. Adam Smith b. Karl Marx c. John Maynard Keynes <<<<< d. b and c
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- Explain the weaknesses of the classical economic thought and the wayMarxist economic thought criticized it. Briefly explain main differences of the Marxist economicthought from the orthodox economics.In a diagram show (A) an equilibrium in real wages and unemployment. Then, show in a diagram (B) a decrease in unemployment benefits and (C) a decrease in markups. Show what happen to unemployment and real wages. Make sure to labe all the axis as well.Question 5
- "Australia has aimed to achieve full employment by implementing various employment and labor market programs". Achieving full employment would indicate that: A. Everyone in the Australian economy has a job. B. There is no unemployment in the economy. c. Australia has reached the level of employment where all workers are fully utilized, and there is no cyclical unemployment. D. Only a small percentage of the Australian workforce is unemployed.Explain for solutions for unemployment during covid-19 pandemic.Dont give any explaination.....just answer the 3 MCQs below. 1. Meaghan does an "office" job in her apartment by relying on information technology, including telephones, computers, and the internet. This pattern is described as participating in __________. a. the centralization of work b. economic outsourcing c. the Industrial Revolution d. the gig economy 2. In which of the following regions of the country have all states enacted "right to work" laws that ban unions from requiring all workers to pay union dues? a. the West Coast b. the Northeast c. the Midwest d. the South According to the liberal view, __________. a. government must regulate the workplace in order to protect the interests of workers b. the workplace should operate with no government involvement c. the employer is best able to regulate workplace conditions d.…
- answer oll partsWhat are the main topics studied in Macroeconomics? The behavior of industries Oa. How firms determine prices Ob. Employment, Output, and, Inflation/Deflation Oc. The behavior of individual firms Od.You are a fresh graduate who is being interviewed by an investment bank for a position of analyst. In order to assess your capabilities, the bank has asked you to conduct a macroeconomic analysis. The analysis should lead to a recommendation where you recommend a country for stock market investment. More specifically, you are required to do the choosing Brasil and Argentina 1. Identify at least ten macroeconomic variables. a. Chose the variables in a way that they help you in making good recommendation. 2. Compare the chosen macroeconomic variables over the last five years. a. It is really important for you to utilize charts to show the behavior of chosen variables. b. It is probably better to put both countries on the same chart so that the reader can see how the two countries are doing against each other.
- Answer the following questions using any tools at your disposal. B. Suppose the economy is in a recession and the unemployment rate is exceptionally high. 5. Show that a technological breakthrough that greatly increases labor productivity could help reduce the unemployment rate without hurting the standard of living of the average worker. (You only need to use the labor market here.)Consider an imaginary 10-year period over which output per person falls but GDP increases. How can this happen? This is possible if A. the rate of unemployment is constant B. the rate of increase in the other factors of production is small CC. the number of people in the corresponding population is falling OD the rate of technical progress is constant economy?9. Structural unemployment occurs becauseA. it takes time for workers to search for the jobs that best suit their tastes and skills.B. minimum wage laws force the wages to remain above their equilibrium levels.C. some people are economically inactive.D. the number of jobs available in some labour markets is insufficient to provide a job for everyone who wants one. PROVIDE A BRIEF WRITTEN EXPLANATION JUSTIFYING YOUR CHOICE.
