e) Explain why it is difficult to deal with (reduce/eliminate) hidden unemployment in less developed countries.

Q: Give your opinion to this statement: The problem of unemployment can only be solved by opening as…

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: What type of unemployment does each of the following represent? Explain your answers. Q.6.1 Workers…

A: An economy may experience different kinds of unemployment due to differences in the reason behind an…

Q: Who are those authorities that is responsible of the unemployment rate here in the Philippines?

A: Unemployment refers to the individual who is actively seeking a job but are not able to find a job,…

Q: If technological change increases structural unemployment, why do most governments and economists…

A: All types of technological change can cause substantial changes in the economy and it can cause…

Q: What was the February 2022 US unemployment rate?

A: The official unemployment rate in the US is announced by the U.S. Bureau of Labor Statistics.

Q: Discuss how to control or reduce the Inflation and Unemployment.

A: Inflation is the decline in the purchasing power of a currency over time. The rate at which a basket…

Q: How does structural unemployment differ from frictional unemployment?

A: Structural unemployment: Structural unemployment refers to the unemployment that occurs due to the…

Q: Explain why frictional and structural unemployment are unavoidable in an economy. Examine the…

A: The unemployment is the economic situation in which people are willing to work at the prevailing…

Q: Is it desirable to pursue a goal of zero unemployment? Why or why not?

A: Unemployed- Those people who are part of the working-age group, actively looking for a job but not…

Q: How can unions result in higher unemployment rates? How would the results differ for someone who…

A:

Q: A country can never have an unemployment rate of 0%. True or false

A: Answer - Need to find- Statement is "True" or "False" Given in the question- A country can never…

Q: All types of unemployment are natural except one, which is

A: Unemployment refers to a situation when people who look for job and are willing to work at  at the…

Q: Which of the following is not a reason economies experience structural unemployment?   Question 26…

A: Frictional unemployment is the kind of unemployment that results from workers trying to find new…

Q: Which of the following is the best example of frictional unemployment? a. Bank tellers are unable…

A: The answer is c. A worker quits her current job to search for a better one

Q: Discuss methods to overcome unemployment in India

A: Unemployment occurs when a person is ready and willing to work at the prevailing wage rate but is…

Q: Consider a simple model where workers can be either employed or unemployed. If the job…

A: Steady state unemployment rate = s/(s+f) = 0.02/(0.02+0.53) = 0.02/0.55 * 100 = 3.6% Steady state…

Q: Is it ever possible to have zero unemployment in an economy? Why or why not? Explain in details

A: Economic growth and unemployment are the two most important economic variables. All the policies and…

Q: How does an economy recover from structural unemployment and what government actions help to…

A: Structural Unemployment is Unemployment that occurs due to structural changes in the economy. for…

Q: Categorize the reasons dealing with unemployment is different in low and middle income countries…

A: A high-income country, according to the World Bank, is one with a gross national income per capita…

Q: If the economy were at a steady-state unemployment rate with a separation rate of 0.02 per month…

A: We find the steady state of unemployment rate with the help of the following formula; U=s/s+f Where…

Q: Which of the items below would likely contribute significantly to cyclical unemployment?

A: Cyclical unemployment is the type of unemployment that occurs due to the recession or the downturn…

Q: How does obtaining a college or trades education in an occupation that is in demand and pays well…

A: Obtaining a college or trade education in a career that is in demand and pays well helps to boost…

Q: Suppose that economy X is at the steady-state unemployment rate with a separation rate of 0.05 per…

A: In the steady-state level of unemployment, the unemployment rate will remain fixed. The unemployment…

Q: Structural unemployment is increased when the wage is kept above the market-clearing wage by: a)…

A: Structural unemployment refers to the unemployment which occurs due to the mismatch between the…

Q: How do structural unemployment characteristics affect the natural rate of unemployment?

A: Introduction: Structural unemployment is a classification of joblessness brought about by contrasts…

Q: On average, it takes 3 months for an unemployed person to find a job. A job lasts for 30 months on…

A: According to the Bureau of labor statistics(BLS), an individual is considered unemployed if he is…

Q: Evaluate the following statement "a higher unemployment rate is always a bad indicator for the…

A: Unemployment rate is the rate that shows the proportion of unemployed people in the total labor…

Q: Although technological advancements like robots are beneficial for the growth of companies, how do…

A: For economists, technology refers to everything that makes it possible to manufacture goods more…

Q: What is a discouraged worker? How can an increase in discouraged workers influences the official…

A: The labor force is the addition of employed workers and unemployed workers. Unemployed workers are…

Q: The biggest types of unemployed people that the world right now are caused by poor economic…

A: Macroeconomics analyzes the economy as a whole. It studies aggregate economic concepts such as…

Q: Explain why it is difficult to deal with (reduce/eliminate) hidden unemployment in less developed…

A: In developing countries, unemployment is a persistent problem that results in the loss of human…

Q: 1. Examine the relationship observed between country M and country N. i) Identify the relationship…

A: Growth rate and unemployment are very important macroeconomic variables which have great bearing on…

Q: Do you think structural unemployment is natural or not? Provide one real and one futuristic (just…

A: Answer - Structural Unemployment - Structural unemployment which caused due to shift in working…

Q: What is likely to be the impact of efforts towards reducing unemployment on the production potential…

A: So when the economy of any country moves towards the level of full employment it totally removes the…

Q: List and define the three different types of unemployment.

A: Unemployment takes place while employees who need to work are not able to discover jobs, which…

Q: Explain how a government might tackle structural unemployment.

A: Answer - Structural unemployment - This is the unemployment which occur due to structural changes…

Q: By offering more generous unemployment insurance programs, European countries can expect to pay less…

A: Unemployment is considered as a social-evil that grabs the economy and forces it to remain in it. It…

Q: A key difference between the original Keynesian and New Keynesian approaches to the labour market ,…

A: The Keynesian model would be the earlier model in which Keynesian attempts to explain the aggregate…

Q: The destruction of manufacturing jobs and workers leaving their jobs to find better ones both…

A: In an economy, workers or laborers who are "unemployed" usually required to report on their search…