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Minimum wages create unemployment in markets where they create a
Group of answer choices
surplus of labor. Unemployment of this type is called frictional.
shortage of labor. Unemployment of this type is called structural.
surplus of labor. Unemployment of this type is called structural.
shortage of labor. Unemployment of this type is called frictional.
Answer : Option C is correct. As minimum wages create unemployment in market where as surplus of labour. This type of unemployment is called structural . As structural unemployment means change in the structure of the business in best possible manner.
Minimum wages create unemployment in markets where they create a Group of answer choices surplus of...
A type of unemployment in which workers are in-between jobs or are searching for new and better jobs is called _______ unemployment: Group of answer choices frictional structural cyclical seasonal
5. Minimum-wage laws and unemployment Consider the market for labor depicted by the demand and supply curves that follow. Use the calculator to help you answer the following questions. You will not be graded on any changes you make to the calculator. Graph Input Tool Market for Labor 24 Wage (Dollars per hour) Supply 3.00 21 Labor Demanded (Thousands of workers) Labor Supplied (Thousands of workers) 18 1,050 150 15 12 9 Demand 6 750 900 1050 1200 0 150...
Structural unemployment Frictional unemployment can be caused by labor unions. can be caused by minimum wage:s. can be caused by efficiency wage s Answer Bank includes those involved in job search. does not typically occur in times of high economic growth. can be a result of new people entering the labor force. is affected by the pace of technological progress includes cyclical unemployment. occurs as a result of labor surplus in a given market.
Which of the following statements is (are) correct? (x)Minimum wage laws that raise the raise the minimum wage above the equilibrium wage in the unskilled labor market contribute to the natural rate of unemployment. (y)Minimum wages create unemployment in markets where they create a surplusof labor. Unemployment of this type is called structural. (z)If some wages are forced above the equilibrium level and they are not able to return to equilibrium, then the economy experiences an increase in structural unemployment...
Question 47 U The type of unemployment associated with recessions is called: frictional unemployment. structural unemployment. cyclical unemployment. O seasonal unemployment. Question 48 The unemployment rate is the: ratio of unemployed to employed workers. number of employed workers minus the number of workers who are not in the labor force. percentage of the labor force that is unemployed. percentage of the total population that is unemployed.
1.Which of the following is not true about retirements from healthcare careers? Group of answer choices Practitioners delay retirement when the economy is strong because wages are higher. Data are limited on retirements from the profession. Practitioners delay retirement when the economy is weak. serial retirement makes it difficult to project future workforce supply. 2.Which of the following factors may have an impact on workforce projections? Group of answer choices Changes in clinical practice Changes in technology Use of electronic...
< Question 14 of 20 > The natural rate of unemployment equals Ofrictional unemployment plus underemployed workers. O frictional unemployment plus structural unemployment. O structural unemployment minus cyclical unemployment. frictional unemployment plus cyclical unemployment. O cyclical unemployment plus structural unemployment. Hint © Assignment Score: Resources 86.196 Question 11 of 20 > Please adjust the graph to show the impact of a recession, where the theoretical market equilibrium wage rate falls to $10/h. Then, answer the two questions assuming wages are...
Unemployment Type Structural Frictional Cyclical Clancy recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Kate. Eileen just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal....
The lower the price, the lower the producer surplus, all else equal. Group of answer choices True False
Producer surplus measures the value between the actual selling price and the: Group of answer choices profit-maximization price. deadweight loss price. price sellers are willing to sell the product. lowest price sellers are willing to sell the product. When the opportunity cost of producing carrots increases as more carrots are produced, then: Group of answer choices the production possibilities curve is a straight line. resources are equally suited to the production of carrots and to other goods. no more carrots...