Answered: Explain this two causes of unemployment…

Business

Economics

Explain this two causes of unemployment 1. Exportation of jobs to the development world 2. Overpopulation

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 32CTQ: If many workers become discouraged from looking for jobs, explain how the number of jobs could...

See similar textbooks

Related questions

Q: Explain in detail what effect a Fed sale of bonds will have on: (1) the LM curve; (2) the IS curve; ...

A: Equilibrium in the economy occurs where IS curve intersects LM curve.

Q: Question 3 Briefly explain why economists prefer to levy taxes on goods that generate negative exter...

A: Concept: A negative externality refers to when the production has an adverse effect on society. This...

Q: What has happened to the macroeconomic over the past two years? What is happening with the macroecon...

A: Macroeconomics is the study of a country's or region's overall economic behaviour.. It is concerned ...

Q: A machine is designed to produce insulating washers for electrical devices of average thickness of 0...

Q: Dinners are prepared in a process with two resources. The first resource has a capacity of 6.2 dinne...

A: The time sum of all process stages is used to calculate total labor content. If a procedure has two ...

Q: Question 21 Which of the following statements is NOT correct? O Most workers in the U.S. economy are...

A: PLEASE FIND THE ANSWER BELOW.

Q: Question 8 The price tag on a tennis ball in 1975 read $0.10, and the price tag on a tennis ball in ...

A: The correct answer is given in the second step.

Q: The mean weekly sales of the chocolate bar in candy stores was 146-3 bars per store. After an advert...

Q: Two firms compete in price in a market for infinite periods. In this market, there are N consumers; ...

A: Collusion is referred to as a non-competitive, secret and in some cases illegal agreement happening ...

Q: Look at each of the cases below from the point of view of the balance of payments for Canada. Determ...

A: The balance of payments (BOP) is basically a record of each payment or receipt made by one governmen...

Q: The long run is defined as A) the period of time when all resources are variable. B) any time after ...

A: The long run is defined as the period of time when all resources are variable. Firm can change all f...

Q: The total product curve shows the relationship between total product a A) the marginal product. B) t...

A: Total product refers to the quantity of output that a firm produces using factors of production.

Q: 13. Assuming that all international parity conditions, i.e., CIRP, UIRP, PPP, and Fisher Effect, ar...

A: There is no excess supply of one form of deposit nor excess demand for another when the interest par...

Q: Discuss the dominant components of healthcare.

A: Health care refers to the prevention, diagnosis, treatment, amelioration, or cure of illness, sickne...

Q: The following diagrams show the market for a good, as well as the cost curves for an individual firm...

A: Equilibrium is achieved at a point where demand curve intersects the supply curve. Breakeven occurs ...

Q: Question 17 from Ch.10 A certain town in the Midwest obtains all of its electricity from one company...

A: A monopoly sets the monopoly price. Only one company can create an industry's product with no feasib...

Q: Mention an example of each point. Number of buyers vs. suppliers: If the number of buyers is small ...

A: The number of buyers and sellers determines the structure of the market.

Q: From the following which is NOT one of the primary goals of the Affordable Care Act (2010)? Question...

A: Affordable care act (2010) was signed by Obama in 2010 with the aim of increasing coverage of health...

Q: Enlist the four approaches of classical theories of economic development and how linear stages growt...

A: Classical growth theory was developed by (mostly British) economists during the Industrial Revolutio...

Q: Carefully explain the major differences between the Keynes’ and Fisher’s models of consumption.

A: Keynes’ consumption function is a formula recipe that portrays the useful functional relation betwe...

Q: Which of the following is an example of fiscal policy? a. Fighting the war on terror b. Giving peopl...

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

Q: The international terror campaign being waged by Al Qaeda has an underlying economic motive. T or F?

A: Terrorism is defined as the use of violence and fear to achieve an ideological goal in its broadest ...

Q: 1. The Nash bargaining solution between the employer and the worker satisfies the fol- lowing maximi...

Q: Table 1. The table below applies to an economy with only two goods - hamburgers and hot dogs. The fi...

A: Consumer price index(CPI): - it is a measure of change in the price level, it measures the change in...

Q: Derive the equilibrium law of motion for capital per worker in the Solow growth model (equation 7-19...

A: Law of motion means when there is dynamic situation in an economy where growth of population is grow...

Q: How would the price equation apply to the pur-chase price of (a) gasoline, (b) an airline ticket, an...

A: Price equation tells how the frequency of a trait changes over a period of time. It calculates the d...

Q: What are the cultures of capitalism?

A: The collection of behavioral traits, cultural standards, ideals, and patterns of behaviour that are ...

Q: Calculate the arc elasticity of demand between P-41 and P2-45. The demand function is given by Qd%3D...

Q: A new electric saw for cutting small pieces of lumber in a furniture manufacturing plant has a cost ...

A: In the question above, it is given : Original Cost = $4000 Depreciate Life = 10 years Salvage Value ...

Q: (b) (i) Consider total cost and total revenue given in the following table: Quantity Total Cost ($) ...

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: What are some deficiencies of the capitalist model?

A: Capitalism governs most of modern Western life. Private property, private ownership of the factors o...

Q: Consider the following open economy model: C = CO + cYD YD= Y I= I0. br NX = No - n¡Y + n2Yf + n3R M...

A: since you have asked multiple questions and according to policy we can solve only 1 question and for...

Q: a) The University of the East Europe is interested in the overall performance of its students in the...

A: A "population of interest" is a population or group from which a researcher attempts to draw conclus...

Q: What are the distinguishing characteristics of social-ist economies?

A: An economy is a large collection of interconnected production and consumption activities that help ...

Q: A contractor imported a bulldozer paying P350k to the manufacturer, freight & insurance charges amou...

A: Given cost of bulldozer = 350000 Freight and insurance cost = 18000 Other expenses = 25000 P Salvage...

Q: Question 6 The table below describes the cost functions for a food manufacturer. Total Fixed Variabl...

A: Total cost is the sum of fixed cost and variable cost. Fixed cost does not depend on output and rema...

Q: Explain the difference between equity and efficiency

A: PLEASE FIND THE ANSWER BELOW.

Q: You can use the AE model to show that an increase in government purchases can increase output but in...

A: Tax multiplier shows how much equilibrium income changes with change in taxes. Change in taxes and i...

Q: Hello can any one help with this Economics question:

Q: A retail store estimates that weekly sales s and weekly advertising costs x (both in dollars) are re...

A: Total Sales refer to the total quantity of goods or services that the producer or firms sells during...

Q: For the following cost function TC = a + bQ – cQ 2 + dQ 3 , determine the equations for TFC, TVC, AF...

A: Given: The cost function is: TC = a + bQ − cQ2 + dQ3 To Find: The equations for TFC, TVC, AFC, AVC,...

Q: Total product (meals per hour) 24 20 .... TP 16 12 8 4.

A: TP -> total production MP -> marginal product AP -> Average product -----------------------...

Q: Explain the Oaxaca Blinder decomposition.

A: The Kitagawa–Blinder–Oaxaca decomposition is a statistical method for explaining differences in the ...

Q: The maintenance of a room air conditioner is expected to be P 200,000 at the end of the first year a...

A: We have given the cash flow Year Maintenance cost per year 1 200,000 2 200,000+10,000 3 2...

Q: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to com...

A: Monetary and fiscal policy are both macroeconomic tools for managing or stimulating the economy. Int...

Q: Consider an economy described by the following: C = $3 trillion 1 = $1.3 trillion G = $3.5 trillion ...

A: The correct answer is given in the second step.

Q: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to com...

A: Central banks use monetary policy, to increase or decrease the amount of money in the economy.

Q: What is the future value of $2000 per year for 5 years invested at 10%? * O a. $3,221. O b. $12,210....

A: Using an expected growth rate, future value (FV) projects the worth of a current asset into the futu...

Q: The Company purchased a lot for P250k on which they will construct a building with 3 estimates tabul...

A: *Answer:

Q: which economic system did Ayn Rand claim was the best to support her theory? a. socialism b. cap...

A: Aye Rand was a writer and philosopher. She was born in Russia.

Question

Explain this two causes of unemployment 1. Exportation of jobs to the development world 2. Overpopulation

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

If many workers become discouraged from looking for jobs, explain how the number of jobs could decline but the unemployment rate could fall at the same time.
What is structural unemployment? Give examples of structural unemployment.
What happens to the unemployment rate when unemployed workers are reclassified as discouraged workers?
What is frictional unemployment? Give examples of frictional unemployment.
Explain this two causes of unemployment 1. Social security benefits fo the unemployed reduce incentives to work 2. Immigrants "taking all our jobs"
Explain this two causes of unemployment 1. Fixed cost associated with hiring works make it uneconomical to do so 3. Changing industries reqyire changing skills and geographic locations which the workforce cannot keep up with
Outline and discuss the effects of unemployment. In your discussion you should include benefits and costs of unemployment to unemployed persons and the society.
Prepare a table and line graph showing the unemployment and economic growth rate for Barbados and Germany a developed country for the last 5 years. Examine the relationship between unemployment and economic growth observed between the two countries.
Explain three (3) costs of unemployment to society
Mention and explain the nature of the workforce and what the different types of unemployment are.
Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data:Number of employed = 1600 million Not in labour force = 725 million Number of Labour force = 2000 million
16 Every economy comprises of people who are out of the labor force. “Out of the labor force” is an economic term that refers to _______. a. Children below the age of 14 b. People who are retired c. All of the options d. People who are not ready to work