Elucidate types of unemployment
Elucidate types of unemployment?
Expert
Types of unemployment
1. Frictional unemployment consists of those searching for jobs or waiting to take jobs soon; it is regarded as somewhat desirable, because it indicates that there is mobility as people change or seek jobs.
2. Structural unemployment: due to changes in the structure of demand for labor; e.g., when certain skills become obsolete or geographic distribution of jobs changes.
a. Glass blowers were replaced by bottle-making machines.
b. Oil-field workers were displaced when oil demand fell in 1980s.
c. Airline mergers displaced many airline workers in 1980s.
d. Foreign competition has led to downsizing in U.S. industry and loss of jobs.
e. Military cutbacks have led to displacement of workers in military-related industries.
3. Cyclical unemployment is caused by the recession phase of the business cycle, which is sometimes called deficient demand unemployment.
The Wealth of Nations that a pioneering survey of economic treated was published within: (1) 1849 year, and written by Karl Marx. (2) 1936 year, and written by John Maynard Keynes. (3) 1776 year, and written by Adam Smith. (4) 141 BC,
Illustrate the Public Sector Government’s Role of providing the legal structure?
Evaluate and explain the statements: “Market is its own guardian implies that there really is an invisible hand or taskmaster that watches over the decision makers in the marketplace”
Payments for the use of land, capital and labor are respectively termed as: (w) rent, wages and profits. (x) rent, interest and wages. (y) dues, profits and depreciation. (z) fruit, profits and money. Q : Elucidate reallocation of resources Elucidate reallocation of resources?
Elucidate reallocation of resources?
What is the opportunity cost of attending college? In 2000, nearly 80% of college-educated Americans held jobs, whereas only about 40% of those who did not finish high school held jobs. How might this difference relate to opportunity costs?
Briefly describe the term cost of capital and also illustrate out its significance?
Briefly state the pros and cons of Corporation?
Contrast a vertically integrated firm, a horizontally integrated firm, and a conglomerate?
Briefly explain the term leverages?
18,76,764
1959797 Asked
3,689
Active Tutors
1425577
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!