Question 2: Classify each of the following types of unemployment. If you think that it is not a situation of unemployment, state “not in the labour force”.    Situation Classification 1.      Susan has just completed her business diploma at Seneca College and has applied for an undergraduate degree in business at York University. After she leaves Seneca in April she starts looking for a part-time job but she can’t find one. Susan is:   2.      Marcus has recently retired from teaching after a 35-year career with the Toronto District School Board. He is 66 years old and receiving his full pension. After the Covid pandemic the school board found they were in desperate need of teachers, so they called Marcus and asked if he would return to teach for the year. Marcus happily accepted and went back to teaching at the high school where he had taught for most of his life. Marcus is:   3.      Simon owns a golf club and leads an active life. Once the ground freezes, he closes his club and flies down to Florida to spend his winters on the beach. Simon is:   4.      Penelope is participating in Ontario’s Second Careers program. She used to be a very effective bank teller at CIBC, but with the introduction of the ATM machines, she lost her job. Penelope is:   5.      Five people at a local manufacturing facility lost their jobs because they did not have the skills to operate the new technology that the plant recently adopted. These people are considered to be:   6.      Dianne and John lost their jobs when their restaurant closed due to Covid restrictions. Dianne and John are:

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 16RQ: Assess whether the following would be counted as unemployed in the Current Employment Statistics...
icon
Related questions
Question

Question 2: Classify each of the following types of unemployment. If you think that it is not a situation of unemployment, state “not in the labour force”. 

 

Situation

Classification

1.      Susan has just completed her business diploma at Seneca College and has applied for an undergraduate degree in business at York University. After she leaves Seneca in April she starts looking for a part-time job but she can’t find one. Susan is:

 

2.      Marcus has recently retired from teaching after a 35-year career with the Toronto District School Board. He is 66 years old and receiving his full pension. After the Covid pandemic the school board found they were in desperate need of teachers, so they called Marcus and asked if he would return to teach for the year. Marcus happily accepted and went back to teaching at the high school where he had taught for most of his life. Marcus is:

 

3.      Simon owns a golf club and leads an active life. Once the ground freezes, he closes his club and flies down to Florida to spend his winters on the beach. Simon is:

 

4.      Penelope is participating in Ontario’s Second Careers program. She used to be a very effective bank teller at CIBC, but with the introduction of the ATM machines, she lost her job. Penelope is:

 

5.      Five people at a local manufacturing facility lost their jobs because they did not have the skills to operate the new technology that the plant recently adopted. These people are considered to be:

 

6.      Dianne and John lost their jobs when their restaurant closed due to Covid restrictions. Dianne and John are:

 

 

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Macroeconomics: Private and Public Choice (MindTa…
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
ECON MACRO
ECON MACRO
Economics
ISBN:
9781337000529
Author:
William A. McEachern
Publisher:
Cengage Learning