Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 8, Problem 2CQ
To determine
Identify the reason for the efficient functioning system that will have some unemployed resources.
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Provide three policies that can reduce unemployment. Explain
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Explain how unemployment changes over the business cycle. Why do these changes occur?
Chapter 8 Solutions
Economics: Private and Public Choice (MindTap Course List)
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- Explain how a government might tackle structural unemployment.arrow_forwardHow can we create a more stable economy and create new, quality jobs for the unemployed?arrow_forwardWhat could explain why unemployment is lower among workers with a relatively higher level of education and training?arrow_forward
- Why is the unemployment rate sometimes high and sometimes low?arrow_forwardWhich 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_forwardThe restructuring of the economy has caused the disappearance of manufacturing jobs. True or false? Explain?arrow_forward
- Should the government replace the wages of anyone who is unemployed? How might this affect output and unemployment?arrow_forwardIn low-income countries, does it make sense to argue that most of the people without long-term jobs are unemployed?arrow_forwardWhat happen to the economy of the Philippines when Filipino people mostly unemployed?arrow_forward
- Video tape (millions per year) D Fast food meals (millions per year) Which point in the figure above is an attainable combination that would have unemployed resources? A) point A B) point B C) point C D) point D E) point A and point Barrow_forwardUnemployment is a bad thing, and the government should make every effort to eliminate it. Do you agree or disagree and explain why?arrow_forwardYou might as well say that the unemployment rate would be zero if everyone just quit looking for work. Explain what the author means by this.arrow_forward
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