As the unemployment rate rises, A. the rate of voluntary turnover increases. B. early retirement plans become less attractive to Baby Boomers. C. people available for work tend to have high qualifications. D. it becomes harder to fill jobs with skilled workers.
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- Suppose statistics show that the number of employed workers has increased in Economy A, but the unemployment rate does not fall. Explain why that may be the case. Thanks.What cause inflation in economic?A.Explain why newly posted job vacancies are not filled instantly when there is unem ployment? B. Capitalism Why did the institutions of capitalism lead to growth in living standards?
- a) The unemployment rate in Bangladesh in 2020 was reported to be 5.30%. What does this mean?Explain briefly.b) Is it ever possible to have zero unemployment in an economy? Why or why not? Explain indetail.Which of the following is something an economist might study? a.Roger reads a newspaper article about the decline of the unemployment rate in the United States over the past few years. b.All of these answers are correct. c.Claire sells her physics textbook from last semester to her roommate for half the price she paid for it. d.Phil decides to work overtime to earn extra income for his upcoming family vacation.b. Classify each of the following statements as positive or normative. Explain.i. Bahamas faces a trade-off between inflation and unemployment ii. The ECCB should reduce the interest rates iii. St. Lucia ought to provide a pension for all citizens iv. Higher tax rates discourage savings an working.
- A CNN announcer reports that the unemployment rate is 6.7%. This report is most likely prepared by a _____ and is an example of a _____ statement. Question 36 options: A) macroeconomist; positive B) microeconomist; normative C) microeconomist; postive D) macroeconomist; normativeIn the U.S., when the unemployment rate is around 9%, this indicates a) None of the choices are correct b) the U.S. economy is in a major recession c) that we have higher unemployment than in the Great Depression of the 1930s. d) the U.S. economy is booming and everyone who wants a job can easily find one. e) the U.S. economy is at full employment1) Additional labor productivity would be equivalent to a) it is not equivalent any of the choices.b) education and skills.c) additional output for additional input.d) GDP per number of active labor force.e) all of the choices are correctf) marginal productivity of the worker. 2. All of the following will cause unemployment except a) educational institutionsb) quality of graduatesc) government policiesd) use of modern technologye) stable prices 3. Having a higher income means having more money to buy food, but a) there are choices that must be made to get the proper value for food consumed.b) eating processed/manufactured foods do little for the economy.c) quality and quantity of foods must be chosen.d) prices increase when income increases.e) restaurants are far better to eat in than fast food.