Are the following workers more likely to experience short-term or long-term unemployment? Explain. d) A short-order cook who loses his job when a new restaurant opens across the street. e) An expert welder with little formal education who loses her job when the company installs automatic welding machinery.

Q: Name two jobs that you think would be affected by seasonal unemployment. Explain why they would be…

A: Seasonal unemployment: It is a type of unemployment in which people remain unemployed during…

Q: Employees at a toy-manufacturing factory are let go because robots have been installed to replace…

A: Unemployment is the state of being able to work, actively looking for work, but unable to find any.…

Q: Indicate whether the following people are employed, unemployed or not in the labor force. Explain.…

A: The labor force is a term that refers to the population which includes both the employed as well as…

Q: A country with a civilian (work-eligible) population of 90,000 (all over age 16) has 70,000 employed…

A: Unemployment refers to the situation of the people when they do not have any kind of work neither…

Q: Are the following workers more likely to experience short-term or long-term unemployment? Explain.…

A: a) This scenario will be considered as short-term unemployment as the stone mason has lost his job…

Q: A country with a civilian (work-eligible) population of 90,000 (all over age 16) has 70,000 employed…

A: The natural rate of unemployment is different than the normal rate of unemployment where the natural…

Q: For each of the following events, choose whether the unemployment rate increases, decreases, stays…

A: (a). The correct option is the unemployment rate stays the same. This is because individuals that…

Q: (Measuring Unemployment) Determine the impact on each of the following if 2 million formerly…

A: a.The labour force participation rate will decrease because 2 million formerly unemployed workers…

Q: Can frictional unemployment by itself explain the fact that the late 2010s saw more job openings…

A: ▪︎Frictional unemployment emerges when individuals are looking for new positions and quit their past…

Q: How will the following changes affect the natural rate of unemployment? Specifically, do they…

A: Unemployment refers to individuals who are in turn employable and are also actively seeking for a…

Q: Calculate the unemployment rate based on the following information: Working-age population: 219…

A: Unemployment is an economic problem that occurs when people who are able and willing to work fail to…

Q: Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing…

A: Frictional Unemployment is called as search and wait unemployment. It occurs when workers are…

Q: Explain whether below events increases, decreases, or has no effect on the unemployment rate and the…

A: Unemployment rate (UR) = Number unemployed / Labor force (LF) labor force participation rate (LFPR)…

Q: When the economy is at full employment, will the unemployment rate be 0%? Explain briefly When the…

A: ANS When an economy is at full employment then the economy is using its all available resources most…

Q: Consider an economy with the following data: Population (civilian, 16 and older,…

A: Unemployment rate=unemployed/labor force*100 Labor force=employed+unemployed=188+12 =200

Q: Explain whether each of the following events increases decreases or has no effect on the…

A: Unemployment Rate - A Person to be considered Unemployed when he/she is willing to work but not find…

Q: Peter is laid off from his job as a bank teller due to the rise of online banking transactions which…

A: In an economy, an individual will be unemployed due to their personal reason or due to the changing…

Q: ers u

A: Unemployment is when people who want to work are unable to find jobs.

Q: Which of the following people would be considered frictionally unemployed? a The President of the…

A: Cyclical unemployment defines unemployment matched by the recent trends in the business or industry…

Q: Suppose a government report about a country's employment situation reveals the following data (all…

A: 1) If the country in question is the United State, these data are obtained from Household Survey. 2)…

Q: Which of the following is the best example of frictional unemployment? a. Bank tellers are unable…

A: The answer is c. A worker quits her current job to search for a better one

Q: Based on the information in the table below, calculate the unemployment rate: Total adult…

A: Unemployment rate measures the percentage of total labor force that are unemployed. By unemployed,…

Q: In each of the following scenarios, which type of unemployment would change (if any) and in what…

A: Unemployment refers to a situation when a person who is actively searching for employment is unable…

Q: In the country of Economica, the total labor force consists of 5,000 workers. 250 of these workers…

A: The labor force that is also known as the presently active population, is made up of all those who…

Q: Jimmy just graduated from a top medical school and is currently deciding which  hospital emergency…

A: Unemployment refers to the state in which a person does not have any job even though he is actively…

Q: Consider a country with 300 million residents, a labor force of 150 million, and 10 million…

A: We have a total population of 300 million in which 150 million are in the labor force in which 140…

Q: Which of the following people can be described as "structurally unemployed"? (i) Mola is trained as…

A: Below are the reasons for structural unemployment: *Mismatch of skills; If the required skill is not…

Q: Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing…

A: Here, it is given that the world price of cotton has decreased due to which there will be a change…

Q: Explain how frictional unemployment can be good for the economy.

A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking…

Q: How do economists define unemployed workers? Group of answer choices Although currently working,…

A: Labor Force include two types of workers-Employed workers and unemployed workers.

Q: Explain whether each of the following events increases,decreases, or has no effect on the…

A: The unemployment rate is the number of unemployed people in the country being divided by the total…

Q: Decide whether each of the following are frictional, structural, or cyclical unemployment: The…

A: Unemployment caused by lay-off due to business cycle recession is Cyclical unemployment.

Q: Q30 Which of the following will cause an increase in the natural rate of unemployment? Select one:…

A: There are two variables related to job. Employment and unemployment. Employment is very important…

Q: There are 500 m. working-age individuals: 400 m. are currently working, 20 m. are looking for work;…

A: The unemployment rate refers to a percentage share of unemployed people to the total labor force.

Q: Assume that 2 million individuals enter the labor force this month and all of them find jobs. This…

A: GIVEN   Assume that 2 million individuals enter the labor force this month and all of them find…