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Identify what type of unemployment each of the individuals below is facing by dragging and dropping the appropriate term into the bins provided. Use "structural unemployment’s, cyclical unemployment, and frictional unemployment." 2 are cyclical, 1 is structural, 2 are frictional.
1. James is an architect who has been laid-off owing to the slump in the demand for property. He feels he will have to wait until the economy picks up before he can get a new job.
2. Eric is an experienced project manager who lost his job at an internet startup because the company\'s product failed to take off. He is confident he can get a new job and has already rejected a number of offers.
3. Craig lost his job several months ago. He is reluctant to get a new job as he feels that he can make almost as much money on social welfare.
4. Sarah is a recent economics graduate who is entering a difficult labor market, owing to a continued recession. She is continuing to look for work but is finding it difficult.
5. Hamid has just graduated as a lawyer from an esteemed law school. He confident of getting a job and has already refused a few lower paid jobs.
Find outing relate to economist's traditional focus on Illustrate what people do, rather than Illustrate what they say they will do.
Specify the set of mutually beneficial allocations relative to the initial endowment and illustrate the set.
Molly needs 30 minutes to wash the car and 45 minutes to mow the lawn. Renee needs 1 hour to wash the car and 2 hours to mow the lawn. Which of the following statements is correct?
Create an 3-6 page report, that includes an explanation and/or examples of: A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in the eco..
Sketch a graph which shows the lost gains from trade that result from having a monopoly.
If Clancy buys a coupon to pays when Sullivan wins Illustrate what is the induced lottery to he faces. Illustrate what is its expected value.
Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than that of Neanderthals
The principal benefit of tariff protection goes to: A ad valorem tariff provides domestic producers a declining degree of protection against import-competing goods during periods of changing prices. When the production of a commodity does not utilize..
Suppose that due to a political conflict inside the country, there is a risk the government will default in its debt.
I think the blaming China is just another move by the administration to take the country in the wrong direction, possibly with tariffs or restrictions on imports for countries such as China.
q. a pharmaceutical firm faces the following monthly demands in the u.s. and mexican markets for one of its patented
An ice cream company has hired two sales persons to run two ice cream stores on a beach. These two employees will receive a fixed salary regardless of the number of ice creams that they sell and they have to charge the same price set by the company. ..
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