Types of Unemployment Concept Introduction: a. Frictional unemployment arises due to the fact that people moving from one job to another. b. Structural unemployment refers to the unemployment that arises due to the technological or policy changes and also due to the fluctuations in the demand and supply. c. Seasonal unemployment is the unemployment that arises due to the mismatch between skills required and also due to the seasonal demand of products. d. Cyclical unemployment is the unemployment that arises due to the cyclical trends in the growth and production.

Question

Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.

Answer 1

Question

Chapter 7, Problem 1.3P

To determine

Types of Unemployment

Concept Introduction:

a. Frictional unemployment arises due to the fact that people moving from one job to another.

b. Structural unemployment refers to the unemployment that arises due to the technological or policy changes and also due to the fluctuations in the demand and supply.

c. Seasonal unemployment is the unemployment that arises due to the mismatch between skills required and also due to the seasonal demand of products.

d. Cyclical unemployment is the unemployment that arises due to the cyclical trends in the growth and production.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Students have asked these similar questions

Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.

answer

Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.