Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 22, Problem 1.7P
To determine
Validating the statement on
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Principles of Economics (12th Edition)
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- The fact that more and more women are seeking job has only compounded the problem of unemployment. Do you agree with this statement?arrow_forwardWhat type of unemployment does each of the following represent? Explain your answers. Q.6.3 Migrant farm workers' employment is terminated when the harvest is finished. Q.6.4 Workers at the car plant are laid off as a result of a slump in motorcar sales. Q.6.5 Worker decides to resign from his firm to find himself, so he can follow his passion and apply for a different job in a near future.arrow_forwardSuppose the U.S. noninstitutional adult population is 230 million and the labor force participation is 67 percent: What would be the size of the US labor force? If 85 million people are not working, what is the unemployment rate?arrow_forward
- Which of the following is most likely to lead to shorter durations of being unemployed? Select one: a.Flexible labour markets. b.Minimum wage laws. c.Extensive redundancy provisions written into law. d.The existence of an unemployment benefit.arrow_forwardIs zero unemployment desirable? explainarrow_forwardSuppose statistics show that the number of employed workers has increased in Economy A, but the unemployment rate does not fall. Explain why that may be the case. Thanks.arrow_forward
- Economists use labour-market data to evaluate how well an economy is using its most valuable resource— its people. Two closely watched statistics are the unemployment rate and the employment-population ratio. Explain what happens to each of these in the following scenarios. In your opinion, which statistic is the more meaningful gauge of how well the economy is doing? a. An auto company goes bankrupt and lays off its workers, who immediately start looking for new jobs. b. After an unsuccessful search, some of the laid-off workers quit looking for new jobs. c. Numerous students graduate from college but cannot find work. d. Numerous students graduate from college and immediately begin new jobs. e. A stock market boom induces newly enriched 60-year-old workers to take early retirement. f. Advances in healthcare prolong the life of many retireesarrow_forwardDiscuss how it is simultaneously possible for “most” unemployment to be due to short spells and for “most” unemployment to be accounted for by a few persons in very long spells.arrow_forwardWhich of the following can result in a reduction of unemployment? A. Increased population growth B. Increase in demand for exports C. Reduction in labour intensity of production D. Increased immigration E. Decrease in government spendingarrow_forward
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