16-) Question: Unemplyment insurance increases the amount of .. unemployment by . and .... Labor unions increases the amount of .. unemployment by. a) frictional / making workers more desperate in their search for new jobs / structural / increasing the real wages b) frictional / softening the economic hardship of unemployment / structural / adopting efficiency wages c) frictional / encouraging workers to accept the first job offer that they receive / structural / adopting efficiency wages d) frictional / softening the economic hardship of unemployment / structual / increasing the real wages e) structural / encouraging workers to accept the first job offer that they receive / frictional / adopting efficiency wages

16-) Question: Unemplyment insurance increases the amount of .. unemployment by . and .... Labor unions increases the amount of .. unemployment by. a) frictional / making workers more desperate in their search for new jobs / structural / increasing the real wages b) frictional / softening the economic hardship of unemployment / structural / adopting efficiency wages c) frictional / encouraging workers to accept the first job offer that they receive / structural / adopting efficiency wages d) frictional / softening the economic hardship of unemployment / structual / increasing the real wages e) structural / encouraging workers to accept the first job offer that they receive / frictional / adopting efficiency wages

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....

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What is the difference between being unemployed and being out of the labor force?
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
15-) Question: unemployment is unemployment caused by. and unemployment ......... Caused by . Please select one or more: a) structural / efficiency / frictional / inefficiency b) frictional / unemployment insurance / structural / minimum-wage legislation c) frictional / the time it takes workers to search for a job / structural / wage rigidity d) structural / wage rigidity / frictional / the time it takes workers to search for a job e) frictional / efficiency / structural / inefficiency 16-) Question: Unemplyment insurance increases the amount of. unemployment by . and .......... Labor unions increases the amount of . unemployment by . ......... .............. a) frictional / making workers more desperate in their search for new. jobs / structural / increasing the real wages b) frictional / softening the economic hardship of unemployment/ structural / adopting efficiency wages c) frictional / encouraging workers to accept the first job offer that they receive / structural / adopting…
20- What does employment in the narrow sense include? a) Entrepreneur B) Fee NS) Natural resource D) Capital TO) Work
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1. Illustrate and explain the impact of a minimum wage on the labour market. Period Minimum Wage Rate Unemployment Rate Inflation Rate Economic Growth Labour Force Participation 2019 - 2020 $17.50 2.8% 0.5% 2.8% 59.8% 2014 – 2018 $15.00 2.71% 3.5% 2.71% 62.6% 2010 - 2013 $12.50 2.21% 2.1% 2.21% 61.7% 2. By examining these variables (unemployment rate, inflation rate and economic growth rate) across the years, determine whether the increased minimum wage had the expected impact from part a?
15. Which of the following statements is (are) correct? (x) Economists have found evidence that receiving unemployment- insurance benefits decreases the job-search effort of the unemployed. (y) We would predict that the more generous the unemployment compensation a country has, the longer the duration of each spell of unemployment, and the higher the unemployment rate. (z) A typical American worker covered by unemployment insurance receives 100 percent of their former wages for 26 weeks. A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (x) only