A certain amount of unemployment may be socially desirable because.. O a. A pool of unemployed workers provides an incentive to those employed to remain productive. O b. A pool of unemployed workers drives down the average wage in the economy and keeps workers from becoming greedy. O c. Unemployed workers are able to benefit from employment insurance. O d. When some workers become unemployed, it provides a chance for others in the labour force to become employed. O e. 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. A pool of unemployed workers provides an incentive to those employed to remain productive. O b. A pool of unemployed workers drives down the average wage in the economy and keeps workers from becoming greedy. O c. Unemployed workers are able to benefit from employment insurance. O d. When some workers become unemployed, it provides a chance for others in the labour force to become employed. O e. 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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If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
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Part (a):Suppose that the demand for the Dates and supply of the Dates in Ramadan both are declined byequal amount over some period of time. What you can conclude with this information? Explainand graphically show the effect on equilibrium price and equilibrium quantity.Part (b):Why is money not considered to be a capital resource in economics and why is entrepreneurialability considered to be a part of economic resource, distinct from labor? Please suggest two mostimportant function of entrepreneurs, you think is must?