One of the ways the government can cushion the unemployed worker is to pay him/her unemployment benefits. If the government pays these benefits to an unemployed worker, it reduces the marginal private search costs of the unemployed. Why then could such payment lead to prolonged unemployment.

Q: Suppose your income rises from $20,000 to $21,000 while the CPI rises from 150 to 180. Your standard…

A: The standard of living improves when there is an increase in income as the consumer is able to buy…

Q: Part B. Job Search Behavior Consider the job search behavior of an unemployed worker. There is a…

A: The asking wage makes the worker indifferent between continuing his search activities and accepting…

Q: f you are a volunteer you are considered          Unemployed

A: The rate of unemployment is the number of unemployed persons divided by the total labour force where…

Q: As of February 2015, the country of Trumpsville has a non-instutionalized population of 10 million.…

A: Total non-institutionalized labour force is = 10 million Out of the labour force is = 3 million.…

Q: Ellena's pension was $10 per period in 2033. What amount of money in the base year would give her…

A: Interpretation of Price Indices: Rs 100 in 2033 hold the same purchasing power as Rs. 90 in 2031.…

Q: Use the information below to answer the question Population 30 million People between ages 15 and 65…

A: Labor force = full time employed + part time employed + unemployed = 9 + 1.5 + 1 = 11.5 million

Q: These discussion questions are based off the topic we are covering this week, "Information and Job…

A: The minimum wage that an individual is willing to accept for a particular job is known as the…

Q: explain how  Labor unions could be a factor for the unemployment rate

A: Workers who are unemployed are those who are unable to obtain job despite looking for work at the…

Q: Which of the following combinations would increase unemployment in an economy? Select one: a) High…

A: Unemployment is a measure of the number of individuals in the labor force who are without work but…

Q: Explain THREE specific reasons that could account for the differences observed in the unemployment…

A: Unemployment: Joblessness is a term alluding to people who are employable and looking for work;…

Q: When you lose your job looking due to bad economic times and there are few jobs available you are…

A: Given the four types of unemployment,  Frictional unemployment occurs when people change jobs.…

Q: Since 1960 there has been a substantial increase in unemployment rates in major European countries.…

A: The unemployment refers to the phenomenon in which the people who are willing to work at the…

Q: Calculate the size of the labor force and the unemployment rate if there are 200 frictionally…

A: Given. Fictionally unemployed = 200 Structurally unemployed = 175 Cyclically unemployed = 50…

Q: Maria's current employment pays her $10 per hour, her disutility of effort is $3 per hour and the…

A: Unemployment is the situation where an individual in the working-age population, who is actively…

Q: Explain THREE specific reasons that could account for the differences observed in the unemployment…

A: Three reasons that could account for the differences observed in the unemployment rate for Jamaica…

Q: A) List and explain the 3 types of unemployment. Include the characteristics of each and the role of…

A: Unemployment occurs when a person is actively looking for a job and is unable to find one.Three…

Q: Should the government replace the wages of anyone who is unemployed? How might this affect output…

A: If unemployed person paid by a fixed amount by the state or trade unions, is known as the…

Q: What services or benefits are provided by the Unemployment policy?

A: Unemployment is the state of being unemployed in which a person is looking for a job but cannot find…

Q: Maria earns $12 per hour in her current job and works 35 hours a week. Her disutility of effort is…

A: Reservation wage is the minimum wage at which the worker is ready to work that makes him indifferent…

Q: Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the…

A: Unemployment rate = number of unemployed *100 / labor force  5 = 7.5*100/labor force  Labor force =…

Q: Describe the relationship between the size of t employment rent and (i) the expected duration of…

A: The employment rent is the sum by which the wages of utilized people surpass the opportunity cost of…

Q: When state legislatures consider changes to unemployment benefits or tax rates or both,…

A: Lobbyists It refers to an individual or private group who works to influence the decision of the…

Q: Suggest solutions to the four major weaknesses of the Search Theory of Unemployment.

A: Search theory of unemployment deals with the concept of an unemployed workers decision regarding…

Q: unemployment compensation apply

A: When does the unemployment compensation apply ?  Ans:- we should apply for unemployment benefits…

Q: A country has a population of 160,000 citizens aged 16 or older. Because of a highly sophisticated…

A: Given information Labor demand function Qd=102-W Labor supply function Qs=5W Working…

Q: Refer to the table below. Calculate the U-3 unemployment rate if 10 employed people lose their jobs…

A: The U-three unemployment rate is calculated as the variety of unemployed individuals divided with…

Q: When the economy is at full employment, is the unemployment rate at zero percent? Why or why not?…

A: By the unemployment rate, it can be understood that how many people are not getting the job while…

Q: How can seasonal unemployment be alleviated? Should it be alleviated? Why or why not?

A: Seasonal unemployment means a situation when individuals are not having jobs(unemployed) at…

Q: 8. The total population of a country is 1 million. Of this 120,000 are pensioners (retired), 160,000…

A: Unemployment metrics such as the unemployment rate, economic activity rate, and employment rate…

Q: The attached chart (Quits: Total Nonfarm) shows the quit rate (the number of who quit their job…

A: Quit rate refers to the rate at which people voluntarily leave their jobs within a specific time…

Q: You or someone else you know may have been unemployed in the past . We distinguished between three…

A: Being in a state of unemployment can be caused by different circumstances and may need similarly…

Q: Can government do anything to reduce the number of people in the following categories? If so, what?…

A: Unemployment refers to those who are employable and actively looking for work but are unable to find…

Q: If you work part-time when you would like to work full time, or have a full-time job that doesn’t…

A: The concept that depicts people working for a specified payment given by the employer for a specific…

Q: Examine the following expression and analyze it: One of the benefits of unemployment is that it…

A: In an economy, unemployment rate refers to the proportion of labor force tgat are unable to get job…

Q: The labor force is defined as anybody over the age of 16 who is employed, actively seeking work, or…

A: The labor market deals with the labor supply and demand in the market. The labor market would result…

Q: My question is why would they demand a higher wage and lengthen their job search when they know…

A: Unemployment benefits are payments made by government to individuals who are unemployed. These…

Q: Does the existence of unemployment insurance eliminate the economic costs of unemployment?

A: unemployment insurance, is the method of securing income even if an individual gets unemployed, it…