Describe unequal burdens of unemployment exist
Describe unequal burdens of unemployment exist?
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Unequal burdens of unemployment exist are:-
a. Rates are lower for white-collar workers.
b. Teenagers have the highest rates.
c. Blacks have higher rates than whites.
d. Rates for males and females are comparable, though females had a lower rate in 1992.
e. Less educated workers, on average, have higher unemployment rates than workers with more education.
f. “Long term” (15 weeks or more) unemployment rate is much lower than the overall rate.
The advocates of laissez-faire policies favor: (i) Govt. control of economy. (ii) Public ownership of all the resources. (iii) Income to be distributed according to requirement. (iv) Surpluses in the balance of trade. (v) Minimal govt. intervention in economy.
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Write short note on Markets?
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