Which of the following is NOT a cost of unemployment?
Higher incomes for those unemployed.
Higher costs to society of having to deal with unemployment, such as increased unemployment benefit payments.
Reduced output being produced.
Worsening psychological effects, such as increased depression and anxiety.
"A"
Higher income for those unemployed is not a cost because those unemployed in the market will not be having an income at all. the answer is "A".
Which of the following is NOT a cost of unemployment? Higher incomes for those unemployed. Higher...
1. Which of the following is a cost of unemployment? a. Unemployed individuals suffer a loss of income b. Unemployed individuals are more likely to have emotional or psychological problems. c. Unemployed individuals can lose their job skills over time. d. Unemployment causes production to decrease from what it could be. e. All of the above are costs of unemployment. 2. Which of the following is likely to be hurt by higher than expected inflation rates? a. a retiree on a fixed...
Which of the following is true? a. High benefit payments to unemployed workers will tend to increase the rate of unemployment b. The rate of unemployment in the large European economies has been persistently lower than that of the United States due to their more generous unemployment benefits. c. If a system of personal savings accounts replaced the current unemployment benefit system, the unemployment rate would fall to zero. d. Under the current unemployment insurance system, benefits replace about 90...
Using the definition of unemployment, which of the following individuals would be unemployed? Select one: a. Because of a reduction in the military budget, your next door neighbor loses her job in a plant where nuclear warheads are made and must look for a new job. b. Because of the increased level of automobile imports, an employee of General Motors is laid off but expects to be called back to work soon. c. All of the below or above individuals...
2. Which of the following is characteristic of a downturn in the business cycle? Lower unemployment rates. Lower real output. Higher prices. Higher interest rates. 5. People leave the labor force when they: Give up looking for a job. Cannot find work between growing seasons. Become unemployed as a result of a recession. None of the above.
Question 63 (1 point) Which of the following is an example of an external cost (or negative externality)?! The fall in the price of wheat because good weather produced a large crop O A company moves a factory to China, closing its Canadian factory. The fall in the price of gasoline because oil prices are falling, making Canadian oil industry workers jobless. Taxes are increased to pay for increased government spending during the pandemic. The increased chance of getting the...
Which of the following statements is correct? A. Unemployment insurance compensation encourages shorter job searches, which may lead to a better match between jobs and employees. B. Demand and supply curves for labor are relatively static. C. The typical employment insurance compensation is roughly one fifth of one's latest salary for up to 40 weeks. D. Unemployment insurance compensation decreases the opportunity cost of being unemployed.
Which of the following attributes will lead to higher NPV, holding all else constant? i) higher expected number of units sold ii) higher inflation in the price of goods to be sold, but not in the costs incurred iii) diseconomies of scale (reduced cost efficiency as a result of a business expansion) iv) increased competition risk A. i B. ii C. i and ii D. i, ii, and iii
Which of the following represent the consequences of a negative supply shock? A) Short-run AS curve shifts to the right because production costs are reduced, quantity supplied increased and prices go down B) Short-run AS curve shifts left because the production costs are increased, quantity produced decrease and prices go up C) AD shifts left because of a recession and cyclical unemployment D) AD curve shifts right because increased output and prices
Which one of the following is an advantage of having production facilities to manufacture athletic footwear in all four geographic regions? Increased ability to achieve a low production per pair cost advantage over rivals having production operations in only 1, 2, or 3 geographic regions Increased ability to achieve a higher S/Q rating on branded pairs at a lower cost than rivals having only 1, 2, or 3 plants Maximum ability to secure volume discounts on purchases of superior materials...
Which of the following statements is TRUE of a cost-benefit analysis of a potential government project? a. Neither asset value increases to the property owners nor income increases to the property owners should be counted. b. Future costs and benefits should be discounted to present values before being compared. C. The net increase in jobs in a community is a benefit d. Both asset value increases to the property owners and income increases to the property owners should be counted....