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A: In an economy, structural unemployment refers to the situation when people are laid-off or unable to…
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A: Part A: The total compensation paid to the workers either in the form of wages or insurance…
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A: Labor force = employed+unemployed
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A: (a) The area below the t-axis is greater than the area of the above t-axis. Therefore the given…
Q: 2. Explain the meaning of Structural unemployment ( Example)?
A: Meaning of Structural Unemployment: Structural Unemployment occurs when there are jobs available…
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A: Minimum wage is the price floor that is imposed by the government. It is the lower limit on wages…
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A: (1) People working in dangerous occupations improve their working conditions by following ways:-…
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A: Labour Participation Rate is the measurement of the economy's active work workforce that is…
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A: Even though companies' and employers' expectations have of their employees change over time due to…
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A: Labor force = employed + unemployed
Q: 29. For the Philippines, net international migration is the difference between the number of…
A: 29. For the Philippines, net international migration is the difference between the number of…
Q: 41. Decentralization of development requires policy changes, devolution of government functions and…
A: Since you posted multiple questions , as per the policy I have solved the first three for you. 41 )…
Q: What are the possibilities that cause a change in the unemployment rate according to this table?…
A: Answer: Unemployment rate: unemployment rate refers to the fraction of the labor force that is…
Q: Exercise 7.2 (Endogenous Fertility). The figure shown from Silva and Tenreyro (2017),² plots the…
A: (Note: Since the question has multiple subparts, the first one has been solved. Please resubmit the…
Q: 15 Discuss TWO (2) types of unemployment and provide a relevant example for each.
A: We know that When an individual belonging to the labor force of the economy, from the age group of…
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A: The non profit sectors refer to the one who have no profit motive, instead their main goal is the…
Q: 7. Refer to Figure 28-1. What type of unemployment is measured by the differences between lines A…
A: Unemployment manifests a scenario where an individual is willing to work but unable to get a desired…
Q: Explain the meaning of Structural unemployment ( Example)?
A: Structural unemployment: Structural unemployment is a form of involuntary unemployment caused by a…
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A: Given Information Number of Unemployed = 2,000,000Number of Employed = 18,000,000 Total Labour Force…
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A: Labor force includes employed as well as unemployed workers in the economy.
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Q: 1. Social Security Checks on the Rise. The US government announced on October 14, 2020 that Social…
A: Answer - Thank you for submitting the questions.But, we are authorized to solve one question at a…
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A: 2) Economic inequality is defined as the gaps in wealth and income that exist in a society. Apart…
Q: Structural unemployment is sometimes said toresult from a mismatch between the job skills…
A: Structural unemployment refers to a mismatch between the skill levels of the unemployed and jobs…
Q: Refer to the table below: Participation Rates (Age 16 and Older) Year Men Women 1950 86.4 33.9 1960…
A:
Q: 3. In Country X, the mid-year population at time 1 was 20,000,000 and the mid-year population at…
A: Migration refers to the movement of people from one place to another with an aim of getting better…
Q: a) Using this information, and making assumptions as needed, can you make a prediction about whether…
A: The migration will be dependent on many factors which is the possibility of finding a job and the…
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A: When supply and demand are equal, the labor market is in equilibrium and E* jobs are paid w* wages.…
Q: Assume that frictional unemployment is 25; structural unemployment is 50; cyclical unemployment is…
A: Labor force are people who are searching job or doing job and are able to work.
Q: Explain the possible reason, why in 2021 the number of registered migrant workers is decreasing?
A: Migration: - Migration of labor means the permanent movement of the labor force from one place to…
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A: Economics as a subject was developed since there was a limited amount of resources on earth.…
Q: Outline the efficiency wage model and critically assess its policy implications.
A: The traditional wage theory suggests that wages and the quantity of labor employed in the market are…
Q: What fraction of the labor force is cyclically unemployed when structural unemployment is 2 percent,…
A: Understand that the sum of all types of unemployment is the total unemployment i.e., 9%
Q: 4. For the demographic transition: A. What are the formulas for the general fertility rate, crude…
A: Note: Since the questions asked are not sub-parts. According to guidlines, we can solve only 1…
Q: Hello, I would like help on those assignments. Thank you!
A: a.Labor force is the number of people who are in working age and are able to work in the economy.…
Q: if there is an increase of unemployment rate in the labor market, what would you recommend as a set…
A: Unemployment is a phrase that refers to those who are employable and actively looking for work but…
Q: What are the possibilities that cause a change in the unemployment rate according to this table?…
A: The possibilities that cause a change in the unemployment rate according to the table given in the…
Q: Workers are compensated by firms with benefits in addition to wages and salaries. The most…
A: Labor market equilibrium is given by the equality of labor demand and labor supply. Labor market…
Q: Explain why employers pay a lower efficiency wage when unemployment is high. How would the…
A: An efficiency wage is paid above the minimum wage to maintain a trained and efficient workforce.…
Q: A4 unemployment insurance might be redundant. If a job faces a high risk of termination, then…
A: Unemployment can be defined as an economic situation in which all those individuals who are actively…
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- If 42 percent of all people working in the UnitedStates are baby boomers, how many were working in2008? If 15 percent of the baby boomers retire in 10years, how many jobs will this represent from 2008employment? Use employment information from thelesson to make the calculations.1. Identify the top five (or ten) source countries of FDI into your country. Then identify the top ten (or 20) foreign MNÉs that have undertaken inbound FDI in your country, Why do these countries and companies provide the bulk of FDI into your country? 2. Worldwide, which ten countries were the largest recipient and source countries of FDI last year? Why? Will this situation change in five years? How about 20 years down the road? Why? 3. ON ETHICS: Undertaking FDI, by definition, means not investing in the MNE's home country (see the Closing Case). What are the ethical dilemmas here? What are your recommendations as (1) MNE executives, (2) labor union leaders of your domestic (home-country) labor forces, (3) host-country officials, and (4) home-country officials?Discuss the "baby boom" population structure in the U.S. (What IS the baby boom generation? What is their age range?) What "S.P.E.E.C.H." situations probably led to this population boom in the U.S.? What positive and negative impacts do you think the 'boomer' generation has - and will have - on older and younger generations? Describe the social and economic impacts of the baby boom generation. What can be done now to mitigate any negative future impacts?
- a) In what respect is the economic decision to move across international borders an investment decision? b) Why do economic migrants move to some countries but not to others? Cite an example of an explicit cost of moving; an implicit cost of moving. c) How do distance and age affect the migration decision? c) How does the presence of a large number of previous movers to a country affect the projected costs and benefits of subsequent movers?1. Social Security Checks on the Rise. The US government announced on October 14, 2020 that Social Security checks for all US seniors will rise by 5.8% in 2022, the largest increase since 2008. This cost of living adjustment (COLA) is based on the Consumer Price Index measure of inflation in 2021. a). Show with a graph and a model how, the full 5.8% increase will actually make a representative senior better off in 2022 as compared to 2021. 2. If lifespan projections are roughly correct, it is expected that our 52 million current seniors over age 65 is expected to rise by 60% over the next 25 years to about 80 million seniors. Medicaid, Medicare and Social Security are currently 12% of GDP, but expected to rise to 17% of GDP by year 2044. b). Could this enormous increase in spending on seniors have an effect on either US market efficiency or productivity in as we move toward the year 2044?41. Decentralization of development requirespolicy changes, devolution of governmentfunctions and redistribution of revenue. *A. TRUEB. FALSE42. Correcting factor price distortions is afunction of the government. *A. TRUEB. FALSE43. Harris-Todaro Migration Model related thedemand and supply of workers specifically inthe manufacturing sector. *A. TRUEB. FALSE44. Migration decision of Filipinos is always aneconomic decision. *A. TRUEB. FALSE45. When wage differential is negligible, rural tourban migration will not be much of aproblem. *A. TRUEB. FALSE46. When a company serves slum areas, it willsurely have difficulty in achieving its economicand financial bottom-line of profit. *A. TRUEB. FALSE47. Rural-urban migration, as an economicissue, is basically about income andemployment. *A. TRUEB. FALSE48. In the Philippines, there is no concretepolicy on rural-urban migration. *A. TRUEB. FALSE49. The location choices of big labor- intensivecompanies will have bearing on migrationbetween rural…
- If these population changes were only due to human migration, what conclusions could be made, based on the map? a) The majority of states are experiencing immigrationtherefore, the overall country has an increase in population size b) The majority of states are experiencing emigration therefore, the overall country has an increase in population size. c) The majority of states are experiencing immigration; therefore, the overall country has a decrease in population size d) The majority of states are experiencing emigration; therefore, the overall country has a decrease in population sizeSuppose that potential migrants make decisions only based on comparisons of their expected incomes. Now suppose the rural wage is $1 per day. Urban modern sector employment can be obtained with 0.25 probability and pays $3 per day. The urban traditional sector pays $0.40 per day. (d) What simplifying assumptions are needed to make this a valid conclusion? (e) Now, what would the urban traditional sector daily income have to be to induce no net rural-urban migration? (f) If wages in all sectors are inflexible, what else adjusts in this model to lead to equilibrium (how much does it adjust and what is the intuition)?If the number of employed workers fell to 150 million and the working-age population increased to 300 million, what would the employment-population ratio be? --------- percentage? Typed and correct answer please.
- Describe Malthus’ pessimistic model of population. What empirical factsabout population in the world led to the break-down of the model? What are the three stages of the demographic transition? For each stagedescribe:a. Is population size increasing or decreasing?b. Is the population growth rate increasing or decreasing?Suppose that potential migrants make decisions only based on comparisons of their expected incomes. Now suppose the rural wage is $1 per day. Urban modern sector employment can be obtained with 0.25 probability and pays $3 per day. The urban traditional sector pays $0.40 per day. (a) Using this information, and making assumptions as needed, can you make a prediction about whether there will be any rural-to-urban or urban to rural migration? (b) Explain your reasoning, stating explicitly any simplifying assumptions, and show all work. (c) Consider an approach that calculates an expected income in the urban sector of 0.25(3) + (0.75)(0.40) = 1.05; and note that this exceeds the rural wage of 1—would you predict that there will be rural-to-urban migration? (d) What simplifying assumptions are needed to make this a valid conclusion? (e) Now, what would the urban traditional sector daily income have to be to induce no net rural-urban migration? (f) If wages in all sectors are inflexible,…TFR and Birth Rates:a. Define the crude birth-rate and the total fertility rateSuppose country A and B have are identical in their population size andstructure, and rate of mortality, but A has a higher average TFR than B.b. What could be some of the reasons why A has a higher fertility ratethan B?c. What will be true about the size and age structure of the population in Arelative to B in 25 years? Will the proportion of young people to oldpeople be higher or lower in A?d. Now suppose the governments of both A and B impose a one-child policy(the TFR was greater than 1 in both A and B). Suppose the policy is fullyenforced (i.e. all families indeed have one kid). Is the fertility rate thesame in A and B? Is the birth rate same in A and B?e. Is the population growth rate higher or lower in A?f. As more time passes, the population growth will eventually slow down inboth countries. What will happen to the proportion of old in the populationas population growth slows down?