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- Which of the two measures (unemployment or underemployment) can best represent the labor market situation in countries like Afghanistan? What are your reasons? (you could compare the limitations of both measures/definitions, and assess how realistic they are for low-income countries like Afghanistan)Those who classify themselves as underemployed are included in the unemployment rate. Select the correct answer below: O True O FalseOne policy based source of structural unemployment is retraining programs economic recessions minimum wages financial crisis
- In terms of living standards, is the worker better off in 1975 or 2002? Justify your answer.How can seasonal unemployment be alleviated? Should it be alleviated? Why or why not?Structural unemployment is increased when the wage is kept above the market-clearing wage by: a) unemployment insurance. b) worker mobility. c) skill-biased technological change. d) labor unions.
- By offering more generous unemployment insurance programs, European countries can expect to pay less in taxes than in the United States. workers to gain new skills quickly in response to fluctuations in the labor market. shorter periods of unemployment for their workers. longer periods of unemployment for their workers."Human capital theory is not so much wrong as it is incomplete." Explain this statement. What does the theory leave out? What are the strengths of the theory? What questionable assumptions does it make?in the McCall partial equilibrium model, if unemployed individual can only live for 10 periods. In each period, she will receive $400 if unemployed. The offered wage is uniformly distributed in the range of [500,1000] 1.what will the reservation wage be in the period 9 if the discount rate is 0.9? 2.what will the reservation wage be in the period 8 if the discount rate is 0.9?
- True or False and explain why. In the labour market, it is assumed that workers are attempting to maximize their utility in monetary terms only.discuss two types of unemployment and provide a relevent example for eachHow does obtaining a college or trades education in an occupation that is in demand and pays well help improve the long-term outlook for unemployment?
