when companies elect to pay wages that are above the going market wage rate, this is likely to cause structural employment true of false?

Q: Structural Unemployment occurs when wage is kept above equilibrium. There are three reasons for…

A: Structural unemployment occurs when wages do not exist. Adjust in equilibrium so that the number of…

Q: In a competitive labor market, when the governmentincreases the minimum wage, the resul t is…

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

Q: Give two reasons why a firm might want to pay workers above the competitive wage and how can this…

A: Efficiency wages refers to the employers paying more wages to the workers. This means that the wages…

Q: According to the Bathtub labor market model, řunemployment rate is now t 12%, th separation rate…

A: Given: Unemployment rate=12% separation rate(s)=1.5% Job finding rate(f)=15% To find: Number of…

Q: Non-market-clearing theories assume that wages do not instantly to clear the market. Arecessionary…

A: Non-market-clearing theories assume that wages do not instantly changing to clear the market. A…

Q: What would be the predicted impact on the labor market of a decrease in the productivity of labor?…

A: With the decrease in productivity of labor i.e. decrease in total output produced per unit of labor,…

Q: onsider an economy in which the marginal product of labor, MPN, is: MPN 500-2N, where N is the…

A: The equilbrium of the labor market is determined by the forces of demand and supply. The equilbrium…

Q: Bob is laid off his job because of a recession. A. seasonal B. frictional O C. structural O D.…

A: Unemployment is a term referring to individuals who are employable and actively seeking a job but…

Q: 1) Suppose the marginal product of labor in the ecohollly .005N), while the supply of labor is 2000…

A: The market clearing wage would then be the wage at which the supply of labour is equal to the demand…

Q: An increase in the minimum wage will cause an increase in frictional unemployment. O True False

A: The frictional unemployment occurs when the spend time voluntarily in search of the new jobs which…

Q: Why or how can you explain Card and Krueger's findings?  i.e. that an increase in the minimum wage…

A: Minimum wage(w*) is the least or the minimum amount of payment that an employer or a firm can…

Q: Amal was laid off from her job with the airline because the recession has reduced the demand for…

A: Fictional unemployment is the time taken for search for the job that is best suit for the job…

Q: a) Explain how search frictions arise in the labour market.

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: Suppose you find yourself laid off from your current job, and the best advice your economist gives…

A: Unemployment is a situation referring to individuals who are able to work and actively seeking a job…

Q: 4- 1-( 3 POINTS)The Bureau of Labor Statistics reported thê Following data for 2005: abor force…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: During periods of expansion, the demand for labor will increase. This causes wages in the econor to…

A: Economic expansion results in economic growth which has the following impact.

Q: T F Hard-core unemployed workers are those withlittle education or vocational training.

A: Hard-core unemployment refers to the type of unemployment which is witnessed by people who have…

Q: Question 45 Websites, such as Monster.com, which feature job listings and allow individuals to…

A: In an economy, different types of unemployment arises due to different market conditions, such as…

Q: o engage in a behavior that makes you as the employee look better but not increase fir O distortion.

A: Answer is scope. The creation of one good reduces the cost of producing another related good, which…

Q: the labor force population rate measures the percentage of people in the labor force who have a job.…

A: Labor force population measures both employed and unemployed.

Q: Historically, what are the highest and lowest unemployment rates in our Histor

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: define hysteresis on the labor market and give one reason why it may arise in a recession

A: Hysteresis emerge when one disturbance act on or affects the trajectory of the economy.

Q: How will you justify increase in real wages in a predominantly agrarian economy such as Britain…

A: Agrarian economy is a rural economy rather than urban based. In this type of an economy people are…

Q: The persons who are laid off when a supermarket closes because the manager did not run the pusiness…

A: Unemployment refers to a term where the individuals who are employable and actively looking for a…

Q: a. Briefly explain how an effective minimum wage causes a structural unemployment.  b. With the aid…

A: a. Structural unemployment is the kind of involuntary unemployment which is caused by the…

Q: The wage gap is usually defined as the real wage divided by labor productivity. O True O False

A: In an economy, productivity of labor explains the ability of the workers to generate output.

Q: Some Firms Struggle to Hire Despite High Unemployment Matching people with available jobs is always…

A: Even if the labor market is working properly, there tends to be unemployment. This is because…

Q: Illustrate and explain the impact of a minium wage on the labour market

A: The minimum wage rate or the wage floor is a concept where the government authority fix is the…

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: How has minimus wages affected the labor market, in relation to economic growth, inflation and…

A: Minimum wages affect the labor market in relation to economic growth, inflation and employment.…

Q: Which of the following statements is false? Unions can have sufficient bargaining power to push…

A: The labor demand curve is negatively sloped because it indicates the inverse relationship between…

Q: 4- 1-(3 POINTS)The Bureau of Labor Statistics reported the following data for 2005: Labor force…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Explain the dual labor market?

A: A labor market is a type of market where the workers and employee communicate with one others. In…

Q: What are the various impacts of this unemployment to workers and comp ai ne s

A: The individual and social expenses of unemployment incorporate extreme monetary difficulty and…

Q: Which type of unemployment would increase if individuals move from full-time to part-time…

A: Unemployment is a term referring to individuals who are employable and actively seeking a job but…

Q: Explain the model of labor flows (bathtub model). Define the job separation and the job finding…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: If a labour market is in equilibrium and contracts are incomplete: Employers are willing to hire any…

A: In the labor market,bit can be said that some of the contracts are incomplete because not all the…

Q: What happens to a supply curve when price changes but structural variables remain fixed? Provide an…

A: The quantity supplied(Qs)  in the market is influenced by multiple factors such as prices,…

Q: Explain (give an example) cyclical, frictional, and structural unemployment?

A: Answer - Cyclical Unemployment - Cyclical unemployment are the unemployment which occur due to…

Q: What are the causes of inflexible or sticky wages

A: Sticky wages are the earnings of workers, which cannot be quickly adjust with the market conditions.

Q: Explain why employers pay a lower efficiency wage when unemployment is high. How would the…

A: An efficiency wage is paid above the minimum wage to maintain a trained and efficient workforce.…

Q: What happens to a country's levels of frictional , struc tural , and cyclical unemployment , as well…

A: A recession is a macroeconomic term that alludes to a critical decrease by and large economic…