A government should implement profound reforms to the labor market, complementary to the elimination of the minimum wage, so that unemployment reaches 0%." What do you think? Comment
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- 5. For this question, do not just provide a list of the actors in the labor market. Describe each actor in the market (i.e. what assumptions are made about them; what side of the market do they give us; relationship between employment and wages, etc.). labor economics chapter 1Challenge Question: Suppose that the U.S. adult population is 230 million and the labor force participation rate is 67 percent. What is the size of the U.S. labor force?INSTRUCTION .Give the meaning or definition of the following term. 1.DOWN SIZING 2.PAY REDUCTION 3.DEMOTION 4.TRANSFER WORK SHARING 5.HIRING FREEZE 6.NATURAL ATTRITION 7.EARLY RETIREMENT 8.RETRAINING 9 OVERTIME 10 TEMPORARY EMPLOYEES 11OUTSOURCING 12 TURN OVER REDUCTION 13.NEW EXTERNAL HIRES 14. TECHNOLOGICAL INNOVATION
- 1. Which of the following are examples of a basic industry in a city, for example Shreveport Louisiana? Although the addition of a really nice and new Kroger store located recently near my residence (not too close) is welcomed by my family, does it improve the regional economy? a. Kroger’s b. Sam’s Town (Sam’s is a casino that caters to guests from Texas and Arkansas). c. A GM auto assembly plant d. Target 2. The following table provides local and national employment figures for three business sectors. Calculate the location quotients for the auto industry, health care, legal services and identify it as a basic (exporting) or non basic (service) industry. Remember this method requires you to compare the % of total employees in a particular industry in the local economy to the % of employees in that industry nationwide. If the local has a higher % (greater than 1), then it is considered a favorable or exporting industry. For example, for health…Subject= Macro-Ecnomics COVID-19 all around the world has restricted the economic activity. To stop the spread of the virus Pakistan like many other countries adopted the policy of smart lockdown. Shutting down of the industry has created adverse supply shock in the economy. While, the slowdown in business and economic activities the country is in the recessionary phase of the business cycle as the GDP growth for the FY 2020-21 is expected to be -0.2 accompanied by high unemployment and poverty rate. A. Reflecting on the above situation justify whether the State Bank of Pakistan should opt for easy or tight monetary policy as a stabilization policy. Also illustrate it graphically. (Maximum 200 to 350 words)(Write it unique don't copy paste) B. Reflecting on the above situation justify whether the Government of Pakistan should opt for expansionary or contractionary fiscal policy as a stabilization policy. Also illustrate it graphically. (Maximum 200 to 350…Research instrument/ instrumentation for these research questions: 1. What is the unemployment rate of Laborers during the COVID-19 pandemic? 2. What is the relationship between the employment rate to the financial status of the laborers in he province of La union? 3. Is there a significant difference between the factors and the cause of the change in employment rate?
- Question 33 Handicrafts making done at a small scale in Pakistan follows ________ production capacity and ________ structure. Mass Level & Organic Mass Level & Mechanistic Unit Level & Mechanistic Unit Level & Organic1. Plot graph 2. Identify the relationship between economic growth and unemployment if any (positive, negative, no relationship) Use the data to justify your choice) 3. Does the relationship observed in number 2 satisfy the economic view of relationship between economic growth and unemployment? Use references to support your answer.6 Identify the term that describes the category of people, who are retired and not ready to work in an economy. a. Out of labor force b. Employed c. Unemployed d. Labor force
- Question 11 The unemployment rate measures: the number of people unemployed divided by the number of people employed. O unemployed workers as a percentage of the labor force. O unemployed workers as a percentage of the population age over-sixteen. O unemployed workers as a percentage of the population.1. Write in detail about business cycle with example of an economy(Country)? ANSWER: ……………………………………………………………………………. 2. Write about the Unemployment and also explain types of unemployment with examples? ANSWER: ……………………………………………………………………………. 3. Explain the long run growth? ANSWER:49. The study of macroeconomics covers these economic problems except________. a. Changing behavior of individual consumers b. Growth of population c. Increasing price levels d. Controlling unemployment
