Which of the following is not correct? a. Frictional unemployment is inevitable in a dynamic economy. b. Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards. c. At least 10 percent of U.S. manufacturing jobs are destroyed every year. d. More than 13 percent of U.S. workers leave their jobs in a typical month.
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- What type of unemployment does each of the following represent? Explain your answers.Q.6.1 Workers at a clothing factory lose their jobs when the firm relocates to anotherprovince.Q.6.2 Workers at a factory making floppy disks lose their jobs when the firm goesunder due to competition from USB’s.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.Which 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 spendingWhat type of unemployment does each of the following represent? Explain your answers. Q.6.1 Workers at a clothing factory lose their jobs when the firm relocates to another province. Q.6.2 Workers at a factory making floppy disks lose their jobs when the firm goes under due to competition from USB's. 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.
- What type of unemployment does each of the following represent? Explain your answers. Q1. Workers at a clothing factory lose their jobs when the firm relocates to another province. Q2. Workers at a factory making floppy disks lose their jobs when the firm goes under due to competition from USB’s.What type of unemployment does each of the following represent? Explain your answers.1. Workers at a clothing factory lose their jobs when the firm relocates to another province.2. Workers at a factory making floppy disks lose their jobs when the firm goes under due to competition from USB’s.3. Migrant farm workers’ employment is terminated when the harvest is finished.4. Workers at the car plant are laid off as a result of a slump in motorcar sales. 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.In a country with a labor force of 200, a different group of 10 people becomes unemployed each month but becomes employed once again a month later. No others outside these groups are unemployed. EXPLAIN YOUR ANSWER!a. What is this country’s unemployment rate?b. What is the average duration of unemployment?c. Suppose that establishment of a system of unemployment compensation increases to twomonths the interval that it takes each group of job losers to become employed each month. Nevertheless, a different group of 10 people still becomes unemployed each month. Now what is the average duration of unemployment?d. Following the change discussed in part (c), what is the country’s unemployment rate?
- Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people. Who is considered part of the 6 percent of unemployed workers in Country Y? A. John, who is taking a year off to travel after college B. Amanda, who works 20 hours per week at a coffee shop but wants to work full time C. Peter, an engineer who became a stay - at - home husband after his start- up company went bankrupt, but he wants to find a new engineering job D. All of the aboveLet's assume that the working-age population of a country B is 125 million and 60 million people are in the labor force. If 55.8 million people are considered employed, and 4.2 million are considered unemployed, what is the rate of unemployment in percentage?Structural unemployment is the unemployment that arises ____________. A. when wage rigidity creates a persistent gap between labor supply and labor demand. B. from workers' imperfect information about available jobs. C. during recessions when the unemployment rate is above the natural rate. D. from the average of the unemployment rates over an extended period of time.
- Why is the unemployment rate never zero, even at full employment? The unemployment rate is never zero, even at full employment, because _______. A. there are always new workers entering the labor market to search for work, workers leaving one job to search for another job, and workers who have been laid off and are searching for another job B. there are always people without jobs because of family responsibilities such as caring for children or elderly parents C. people make lifestyle choices such as early retirement, gap years, and movements from high-stress to low-stress jobs D. cyclical unemployment is always present in the economyWith the information provided, determine the unemployment rate for cach of these hypothetical economies. a. Labour force = 22 million; number of people unemployed = 2.5 million; population = 46 million b. Number of people employed = 16 million; labour force = 18 million c. Number of people unemployed = 600,000; number of people employed = 2.24 million d. Labour force = 9.9 million; number of people unemployed = 600,000; population = 12.7 million a. The unemployment rate is percent. (Round your response to one decimal place.)Suppose the Bureau of Labor Statistics interviews 196,700 people in its monthly survey; 94,500 are not in the labor force, 91,150 are employed, 8,870 are unemployed, and 2,180 are in the armed forces. a. What is the size of the U.S. labor force? b. What is the unemployment rate the BLS announces? What is the employment rate? c. What is the U.S. civilian population? d. What is the labor force participation rate the BLS announces? e. Search the historical data of the U.S. unemployment rate and the labor force participation rate. How are the rates you calculated compared to the U.S. historical data since the 1950s?