what is the terminology for the definition below? Unemployment caused by annual changes in the weather or other conditions that happen at certain times of the year
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what is the terminology for the definition below?
Unemployment caused by annual changes in the weather or other conditions that happen at certain times of the year is termed as seasonal unemployment.
Seasonal unemployment refers the type of unemployment where people remain unemployed at certain time periods of the year, because the industries where they work does not run all year round. Some examples where the demand, production as well as employment are considered to be seasonal include tourism and leisure, farming, construction as well as retailing. The workers basically remain unemployed at certain point of the year when there is a lower demand for labor than usual demand.
This type of unemployment is caused by several industries or labor markets that are available in different seasons.
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- Business analysts use the model of supply and demand to discover key elements about their industries and their own organizations. In fact, microeconomic analysis of specialized fields has led to the emergence of new courses and careers in such areas as: Sports Economics Health Economics The Economics of the Arts Public Policy Restaurant and Food Service Economics Develop specific examples of how demand and supply analysis may be used in one of these four specialized areas. Here are some ways to approach this exploration. Answer the following questions: What is [Sports/Health/Arts/Public Policy] Economics? Pick one specialized field of economics. How do practitioners in these specialized fields of study bring the economic way of thinking to their occupation? What questions and topics might practitioners choose to study? What career choices are there in these fields? What courses are offered to prepare for jobs in these areas If you wish to substitute another field or…The following are correct statements about the Labor Market model, EXCEPT: Question 14 options: The Demand for labor is mainly determined by the Marginal Productivity of Workers. The Supply of Labor is mainly determined by the Opportunity Cost for Work. An increase in Labor Productivity will likely lead to higher wages but less total labor demand. In equilibrium, the market for labor will attain zero unemployment.Suppose the local economy experiences an influx of both skilled and unskilled workers, what will happen to prices of goods and services? Group of answer choices Since this increases the supply of labor, prices and wages both decrease. Since this increases the demand for labor, prices and wages both increase. Since this decreases the supply of labor, prices and wages both decrease. Since this increases the marginal product of labor, prices and wages both decrease. A worker on a Texas oil rig is likely to earn _______ than a reception because _________. Group of answer choices less; the job has unattractive characteristics. more; the job is more fun. more; the job is more prestigious. more; the job is more dangerous. please answer two questions
- Tourism Economics focuses on understanding the economic impacts of tourism on a destination's economy. A key component of this field is the analysis of how tourism affects local employment. In many destinations, tourism acts as a major employment driver, offering various job opportunities in sectors such as hotels, restaurants, transportation, and entertainment. For instance, a coastal town that becomes a popular tourist destination might see a surge in employment in these sectors. This economic impact is significant as it: A) Decreases overall employment in the town B) Increases unemployment rates C) Contributes to job creation and economic growth D) Has no effect on the local job market*In Figure 3-3, a shift from A to B seems most consistent with which of the following scenarios? A. Society has decided to give guns lower priority.B. Technological advances have been greater for guns than for butter.C. The society has experienced a massive immigration of labor.D. There are unemployed resources in the production of both guns and butter.Variables typically included in a multivariate supply function (other than the price and quantity of the item the supply function represents) are prices of other goods that use similar input resources for production, the number of suppliers, techniques of production, taxes and subsidies, prices of input resources, weather, and expectations. Please answer the following questions about the affect changes in other variables might have on the supply of the item. These changes will either cause supply to increase (shift right) or decrease (shift left). Use either word as applicable, for the short answer. 1. If the market price of gasoline returns to the near $4.00 per gallon level then demand for gas-gulping large autos is likely to decrease and manufacturers of these autos are likely to _____________ their supply: 2. A relative increase in the productivity of the technology used to produce the item being considered is likely to _____________________ its supply. 3. Hailstorms have pelted…
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- How can these topics be applied to the real-world work environment of the corporate economist? The market and equilibrium The demand side of the market The supply side of the marketAll of the below statements reflect the views regarding "human capital" expressed in chapter 6 of the book Naked Economics, EXCEPT for this one. Please select the statement that DOES NOT reflect what Wheelan has written in this chapter. Group of answer choices Human capital is much more than earning more money. It makes us better parents, more informed voters, more appreciative of art and culture.... Technology displaces workers in the short run but does not lead to mass unemployment in the long run. Improvement in human capital and technology is a painless process with no immediate or short-term negative effects upon any person in that economy. Studies indicate that in low-income countries each additional year of schooling reduces the probability of infant mortality by 5-10%.Generally speaking, managerial economics is the application of economic theory to the field of business: a) Ethics b) Management c) Practice d) All of the above.
