Definition of Full Employment
Definition of “Full Employment”?
Expert
1. Full employment does not mean zero unemployment.
2. The full employment unemployment rate is equal to the total frictional and structural unemployment.
3. The full employment rate of unemployment is also referred to as the natural rate of unemployment.
4. The natural rate is achieved when labor markets are in balance; the number of job seekers equals the number of job vacancies. At this point the economy’s potential output is being achieved.
5. The natural rate of unemployment is not fixed but depends on the demographic makeup of the labor force and the laws and customs of the nations.
6. The recent drop in the natural rate of 6% to 5.5% has occurred mainly because of the aging of the work force and increased competition in product and labor markets.
Illustrations of activities which generate negative externalities would not comprise: (w) burning coal that results in acid rain. (x) smoking a cigar at the opera. (y) killing fish by dumping sewage into a river. (z) being inoculated against a contagi
Illustrate the term Positive and Normative Economics?
Economic efficiency for society needs which the: (i) opportunity costs of all goods be at their lowest possible values. (ii) maximum probable benefits are acquired for given costs. (iii) greatest possible net benefits are squeezed through available re
Question: A country with a fixed or managed exchange rate would consider i.___________________ its currency to gain competitive advantage vis-à-vis its trade
Even people who are extremely good at everything couldn’t encompass: (i) absolute benefits in approximately everything. (ii) Much higher incomes than average. (iii) Comparative benefits in everything. (iv) Superior natural endowments of talent. Q : Elucidate reallocation of resources Elucidate reallocation of resources?
Elucidate reallocation of resources?
What do you mean by Linkages?
Just need help to see if I am in the right direction if there any think wrong need help with it.
Writ short note on the income of functional distribution?
Write down the theories of capital structure?
18,76,764
1957449 Asked
3,689
Active Tutors
1452896
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!