Elucidate types of unemployment
Elucidate types of unemployment?
Expert
Types of unemployment
1. Frictional unemployment consists of those searching for jobs or waiting to take jobs soon; it is regarded as somewhat desirable, because it indicates that there is mobility as people change or seek jobs.
2. Structural unemployment: due to changes in the structure of demand for labor; e.g., when certain skills become obsolete or geographic distribution of jobs changes.
a. Glass blowers were replaced by bottle-making machines.
b. Oil-field workers were displaced when oil demand fell in 1980s.
c. Airline mergers displaced many airline workers in 1980s.
d. Foreign competition has led to downsizing in U.S. industry and loss of jobs.
e. Military cutbacks have led to displacement of workers in military-related industries.
3. Cyclical unemployment is caused by the recession phase of the business cycle, which is sometimes called deficient demand unemployment.
Consider a huge group of identically smart and strong industrious workers. All else identical, Adam Smith would predict such that the lowest average wages would be earned through the workers who were in the work that: (1) had the leas
Why are democratic regimes more conducive to economic growth than dictatorship
Use the circular flow model to confirm this assertion for $50 million increase in spending for space research?
Q X= 600- 6PX + 20I +0.4PY c. Suppose PX increases by 10%, by what percentage would sales decrease? Explain how this price increase affect total revenues from good X.
What 2 points are required to emphasis foreign exchange market?
The expected losses to workers by shirking are increased while a firm adopts a policy of: (1) dividing productive tasks therefore the division of labor is optimal. (2) paying efficiency wages that exceed market-clearing wages. (3) avoiding legal liability from not wri
Question Discuss what "economic development" means in the context of this game? (Hint: How do you win, and what do you have at the end of the game that you did not have at the beginning of the game?)
Illustrate the term Positive and Normative Economics?
Write down the internal factors which influencing the capital structure?
Explain of the law of demand?
18,76,764
1931570 Asked
3,689
Active Tutors
1431832
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!