What is the impact on the labour market due to reduction in productivity of workers?

Q: es trade union activities benefit the

A: Trade unions are organizations that are concerned with the interests of the workers. They aim to…

Q: Human capital theory argues that variations in wages are due to skill differences between workers. O…

A: The economies have various entities, where each entity work with their own motive. The collective…

Q: technological advancement create unemployment

A: Technological advancement refers to the changes that have been brought in the process of production.

Q: How does a typical worker decide how many hours to allocate to the labour market? Why did the labour…

A: A person who is being employed or carrying certain work for a specified payment and time is known as…

Q: How does agriculture contribute towards employment

A: In economics, the term "employment" refers to the condition of having a job or being employed.…

Q: Comment on the impact of sectoral change on business activity.

A: Sectoral change refers to the change in trend in the agricultural sector over time where the…

Q: Why is unemployment an economic problem?

A: Unemployment is described by economists as a state of being jobless within a given economy.…

Q: Individuals leave the labour force when they: (a) find employment. (b) become unemployed. (c)…

A: Unemployment has been a major concern for most of the economies across the world. The spread of the…

Q: Why there is always some level of unemployment?

A: The natural rate of unemployment is a situation that occurs when there is a time lag between moving…

Q: How can we reduce the number of low-income workers and increase the number of middle-and…

A: There are many factors like education, training, health services, etc. that can decrease the number…

Q: Calculation of Labor market indicators

A: The labour force comprises of those people who are currently working or employed & the people…

Q: By means of a diagram ,explain what is meant by labour market clearing? Why is labour market…

A: Given below is the diagram for labor market clearing. In labour market clearing, the quantity…

Q: What could explain why unemployment is lower among workers with a relatively higher level of…

A: The labor market maintains a wage bias in favor of improved human capital and skills.The highly…

Q: In Country X, the population is 100 million, 60 million people are employed, 5 million are not…

A: Labor force is the sum of employed and unemployed who is actively looking for work.

Q: What is being done to end unemployment in the U.S.

A: Answer - Measures to decrease unemployment in U.S. - 1. Stimulus for industries in crisis - U.S.…

Q: Fishyland is a small country that focuses on her fishing industry. She has a production function of…

A: The production function shows the maximum amount of output an industry is able to produce by using…

Q: What are the two main factors that affect labor productivity?

A: The major two factors which are to be understood which affect the labor productivity are: Technical…

Q: What is the sector model used for?

A: The sector model, also referred to as the Hoyt model, could be a model of urban land use proposed in…

Q: what is the impact on the labour market due to a reduction in income tax rate?

A: Labor market is in equilibrium when supply of labor equals demand for labor.

Q: What is informal sector

A: All the economis of the world can be broadly classified into two types of sectors, that is, formal…

Q: Roughly speaking, what fraction of U.S. labor works in factories? In service businesses? In…

A: ANS In Factories : Approximately 14% of the work force In service businesses : Approximately 68.5%…

Q: The most common indicator in the labour market is unemployment rate. GDP. recessions. inflation.

A: Question 2 will be answered. To understand the labor market, we should see how many people looking…

Q: brief analysis of labour condition in china

A: Actual working conditions are difficult to quantify. As a result, the Economy Standard assesses the…

Q: Which type of migration involves the most people per year: international migration, interprovincial…

A: The act of changing the place of residence with a purpose of getting better work opportunities and…

Q: What is frictional and structural unemployment?

A: Frictional unemployment refers to the unemployment in which people leave a job and search for a new…

Q: Explain what is meant by Human Capital and how it may be acquired. What are the implications of…

A: Human Capital includes education,knowledge, skills and health that human accumulate during their…

Q: A______ is a person who was employed in the civilian labor force and was either fired or laid off

A: Meaning of Labor Economics:   The term labor economics is nothing but those market of workers,…

Q: c) Suggest solutions to the limitations of the Efficiency Wage Model.

A: The efficiency wage theory states that increasing wage will lead to a increase in productivity of…

Q: Considering the causes of global migration how will you assess the positive and negative impact of…

A: Economic migration refers to people moving from one country to another in order to take advantage of…

Q: As the baby boomer generation retires, what should happen to wages and employment?  Show this…

A: The retirement of baby boomer generation leads to reduce the supply of labor force in the economy.…

Q: Calculate the labour absorption capacity for below: year - 2020 labour Force - 50 Number of employed…

A: The labor absorption capacity is the ability of an economy to change the employment rate with the…

Q: What is net migration formula?

A: Immigration is when people from other countries come to live in a country permanently and emigration…

Q: Are poor people generally qualified for decentpaying jobs, or do they lack the skills?

A: Many poor people are not able to afford the tuition fees of higher educational institutions that…

Q: Fishyland is a small country that focuses on her fishing industry. She has a production function of…

A: The link between the number of productive inputs (such as labor and capital) used and the amount of…

Q: Explain the impact of education on labour productivity.

A: Productivity is determined by human capital. If human capital is more, the productivity will rise.

Q: Unemployment will stifle economic development and performance. Use the measures that the government…

A: "A weak economy is detrimental to economic functioning and leadership." It lowers the production…

Q: What are categories of population: (Select what applies) Select one or more: a. Labor Force b.…

A: Population: - Population is the total number of people in an economy.

Q: what are the causes of unemployment?

A: Unemployment refers to those parts of the labor force that is willing to work and are actively…

Q: What is structural unemployment. Write in brief

A: Though the concept of full employment says that there is almost no unemployment and everybody who…

Q: Insights and Reflection about labor migration

A: Labourer: The term labourer refers to the person who offers the labour against the remuneration and…

Q: how does the demand and supply for labour affect the wage rate of workers?

A: The labor market determines how the interaction between the workers and the employers determines the…

Q: Why employment in the economic sector has declined?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…