Which of the following is not an example of structural unemployment? Select the correct answer below: Morgan never finished high school and has trouble finding work that she is qualified for. Companies in her area have declined to hire her. Will has been offered a job on the other side of the country. Before he can start working, he expects to need around a month to sell his house and move to the new location. Molly completed an advanced degree in a highly specific engineering discipline. Since graduating, she has not been able to find a job that matches her expertise. Steven lost his manufacturing job when the company he worked for shut down. There are no other opportunities for him in the same industry and he lacks the skills to pursue other types of work.

Which of the following is not an example of structural unemployment? Select the correct answer below: Morgan never finished high school and has trouble finding work that she is qualified for. Companies in her area have declined to hire her. Will has been offered a job on the other side of the country. Before he can start working, he expects to need around a month to sell his house and move to the new location. Molly completed an advanced degree in a highly specific engineering discipline. Since graduating, she has not been able to find a job that matches her expertise. Steven lost his manufacturing job when the company he worked for shut down. There are no other opportunities for him in the same industry and he lacks the skills to pursue other types of work.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: A textile firm closes a plant in Massachusetts and transfers production to a plant in South…

A: Frictional unemployment occurs when workers are between jobs, typically due to voluntary reasons…

Q: In a given community, the unemployment rate is 5% and their working-age population is 3 Million.…

A: The unemployment rate refers to the fraction of the total labor force that is not employed. The…

Q: 13. In 2018 your annual salary was $54,370 per year and the CPI was 133.4. In 2022 your annual…

A: The objective of the question is to calculate the inflation-adjusted salary for the year 2022 based…

Q: In the context of labor market dynamics, which scenario best illustrates the concept of "structural…

A: The ratio of several jobless persons to the total labour force population is used to compute the…

Q: For Catherine to be considered out of the labor force, she can be: temporarily absent from her…

A: Labor force refers to the pool of labor supply in the economy. It includes all the employed and…

Q: Who is included in the labor force? Question 38 options: a) Jennifer, a stay-at-home mom who…

A: Retired people are not the part of labor force because they have already crossed the working age.

Q: Maria earns $15 per hour in her current job and works 40 hours a week. Her disutility of effort is…

A: The term "employment" describes the condition of having a job or being employed, usually in exchange…

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: As an employer wants to reduce the production cost during the economic recession, he/she could chose…

Q: If the rate of job separation is 1% and the rate of job finding is 10%, the natural rate of…

A: The natural rate of unemployment is the time for which the people are not for work between the time…

Q: Suppose an economist, realizing that unemployment benefits create an incentive for workers to wait…

A: Increased employment benefits tends to affect unemployment which is frictional unemployment.

Q: Lucille receives an annual salary of $37,500 based on a 37.5-hour workweek. What are her gross…

A: Gross earnings refer to the total amount of money that an individual earns before any deductions are…

Q: Suppose that over the past 10 years your yearly income has risen from $30,000 to $40,000. Over the…

A: Real Income: It is the income after adjusting for the change in prices.

Q: Suppose a technological breakthrough leads domestic manufacturers to decrease the number of workers…

A: Unemployment exist when a person who is actively seeking job, willing and able to work at the given…

Q: 13. In 2018 your annual salary was $54,370 per year and the CPI was 133.4. In 2022 your annual…

A: The objective of the question is to calculate the inflation-adjusted salary for the year 2022 based…

Q: Which Professor Is Better Off? Suppose the starting salary for a new assistant economics professor…

A: Given that: Year CPI Nominal Salary 1976 56.9 $20,000 2014 236.7 $85,000

Q: My question is why would they demand a higher wage and lengthen their job search when they know…

A: Unemployment benefits are payments made by government to individuals who are unemployed. These…

Q: Multiple choice answers A) shift to schedule A and remain at $500 B) rise from $440 to $500 C) rise…

A: Explanation is given below Explanation:

Question

Which of the following is not an example of structural unemployment?
Select the correct answer below:
Morgan never finished high school and has trouble finding work that she is qualified for. Companies in her area
have declined to hire her.
Will has been offered a job on the other side of the country. Before he can start working, he expects to need
around a month to sell his house and move to the new location.
Molly completed an advanced degree in a highly specific engineering discipline. Since graduating, she has not
been able to find a job that matches her expertise.
Steven lost his manufacturing job when the company he worked for shut down. There are no other
opportunities for him in the same industry and he lacks the skills to pursue other types of work.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Defination of Structural unemployenment

VIEW

Step 2: Explaination of correct option

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Raphael is a 75-year-old professor. He teaches only one or two courses a year, but still publishes research at a productive rate. Susan is a 26-year-old recent college graduate . She did not work for pay last week, but she had two job interviews. Alex is a 39-year-old graphic designer who is taking 2 years off from work to care for his young child. Eileen is a 31-year-old science teacher who taught at River Rock Middle School last year. Due to budget cuts, she was laid off at the end of the school year. It's the summer now, and after a few weeks of vacation with her family, she is looking for a part-time job as a tutor. Clancy is a 20-year-old American Studies major at the University…
Suppose your earn 3% wage from your employer. Then, the government releases economic data indicating the inflation rate is running at 5%. Are you better off? Based upon changes in your real wages, did your standard of living improve ?
In which of the following cases will we observe unemployment? the quantity of labor demanded is greater than the quantity of labor supplied at the going wage rate. the wage is below the level that balances supply and demand for labor. there is a shortage of workers. the quantity of labor demanded is less than the quantity of labor supplied at the going wage rate.
Fatima has decided to work for an entrepreneur in Italy because the country's high entrepreneurship rate provides her employment protection and strong unemployment insurance ( a) True ( b) False
Mike has been working manufacturing cars for the last 20 years. Last year all the car manufacturing plants in Australia closed. Mike has been advised to re-train as an Aged Care Worker. What type of unemployment is Mike experiencing? Select one:
Classify the following scenarios as examples of frictional, structural, or cyclical unemployment, and explain your answer. a. A food-processing factory decides to increase its wages by 50% above what their competitors are paying. They find that fewer workers quit or call in sick, and that they have lower spoilage rates as a result of the more consistent, productive workforce. Their competitors respond by raising wages as well. The quantity of labor supplied to the industry increases to try to take advantage of the higher wages and is higher than the quantity demanded by employers at the new wage. b. Li Wei owns a homebuilding company. During a severe downturn in the housing market, he has to fire many of his subcontractors. c. Which of the three types of unemployment (frictional, structural, or cyclical) will persist even if the wage is at the equilibrium wage? Explain your answer.
Sienna currently works 20 hours per week as a librarian, but is looking for a full time job. Sienna is considered to be (check all that apply) unemployed full time not in the labor force a discouraged worker part time for economic reasons part time for noneconomic reasons a marginally attached worker employed