--%>
Assignment Help - homework help

Why is the problem of unemployment a part of the subject

Why is the problem of unemployment a part of the subject matter of economics?

E

Expert

Verified

Economics deals with the “limited resources—unlimited wants” problem.  Unemployment represents valuable resources that could have been used to produce more goods and services—to meet more wants and ease the economizing problem.

   Related Questions in Business Economics

  • Q : How government might manipulate its

    Explain how government might manipulate its expenditures and tax revenues to reduce unemployment?

    		•
  • Q : Rivalry for various types of resources

    Intermediaries ultimately prosper only when they give a service of decreasing: (1) demand for a good (2) prices paid to manufacturers of a good. (3) transaction costs. (4) rivalry for various types of resources. (5) cut-throat competition into markets

    		•
  • Q : How can we compute operating leverage

    How can we compute operating leverage?

    		•
  • Q : The financial investor about bonds

    Describe three ways to finance corporate activity.  Make a case that stocks are more risky for the financial investor than are bonds?

    		•
  • Q : What problem does barter entail What

    What problem does barter entail?

    		•
  • Q : Economics chapter 1 Suppose that on the

    Suppose that on the basis of a nation's production curve, an economy must sacrifice 10,000 pizzas domestically to get the 1 additional industrial robot it desires but that it can get the robot from another country in exchange for 9,000 pizzas. Relate this information to the following statement: "Thr

    		•
  • Q : Limitation of intermediaries for

    Intermediaries do not classically: (w) reduce transaction costs. (x) absorb risk. (y) try to make profits. (z) cause prices to be more volatile. I need a good answer on the topic of Economic problems. Please give m

    		•
  • Q : Problem on current production

    I have a problem in economics on current production possibilities frontier. Please help me in the following question. The combination of 70 units of clothing and 30 units of food are: (1) Completely employs the economy's capacity. (2) Would leave most

    		•
  • Q : Describe the Slope of a nonlinear curve

    Describe the Slope of a nonlinear curve?

    		•
  • Q : Why do governments enact trade barriers

    Why do governments enact trade barriers?

    		•