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: 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: Three coworkers work for the same employer. Their jobs are warehouse manager, office manager, and…

A: To calculate:The annual salary of each of the co-workers.

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: Explain three (3) economic costs and one (1) social cost of unemployment

A: Unemployment is a crisis not just for the population that is unemployed but even for the country as…

Q: Present three major arguments of those who believe that IT will result in massive unemployment.

A: Technological growth contributes to industry development, expedites research, and fosters global…

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: The table below shows information on the adult population of a small country.   Employment…

A: The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a…

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: How does the presence of a discouraged worker affect the unemployment rate?

A: Let us first explain certain concepts related to unemployment rate.Labor force: In an economy, labor…

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: Discuss the four types of unemployment. Rank these from the least serious to the most serious and…

A: The most serious type of unemployment includes structural unemployment, frictional unemployment,…

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: 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: how do I define “full employment” ?

A: Factors of production are the resources that are necessary to produce goods and services, they are…

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: 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: What does the elasticity of unemployment rate with respect to benefit tell us about optimal…

A: The elasticity between two variables shows the percentage change in one variable due to percentage…

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…