A certain amount of unemployment may be socially desirable because O a Unemployed workers are able to benefit from employment insurance. Ob A pool of unemployed workers drives down the average wage in the economy and keeps workers from becoming greedy Oc When some workers become unemployed, it provides a chance for others in the labour force to become employed Od. A pool of unemployed workers provides an incentive to those employed to remain productive. The time the worker spends unemployed is valuable for finding the most appropriate match with firms

A certain amount of unemployment may be socially desirable because O a Unemployed workers are able to benefit from employment insurance. Ob A pool of unemployed workers drives down the average wage in the economy and keeps workers from becoming greedy Oc When some workers become unemployed, it provides a chance for others in the labour force to become employed Od. A pool of unemployed workers provides an incentive to those employed to remain productive. The time the worker spends unemployed is valuable for finding the most appropriate match with firms

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

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