Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Textbook Question
Chapter 21, Problem 29RQ
What type of
- landscapers laid off in response to a drop in new housing construction during a recession.
- coal miners laid off due to EPA regulations that shut down coal fired power
- a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona
- printers laid off due to drop in
demand for printed catalogues and flyers as firms go the internet to promote an advertise their products. - factory workers in the U.S. laid off as the plants shut down and move to Mexico and Ireland.
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Which of the following would NOT be considered unemployed?
Group of answer choices
A laid off autoworker from Michigan looking for a new job in California.
A drama school graduate who gives up looking for acting jobs in Hollywood.
A college student home for the summer looking for a construction job.
A former engineer looking for a part-time job to supplement their income.
What type of unemployment does each of the following represent? Explain your answers.
Q.6.3 Migrant farm workers' employment is terminated when the harvest is finished.
Q.6.4 Workers at the car plant are laid off as a result of a slump in motorcar sales.
Q.6.5
Worker decides to resign from his firm to find himself, so he can follow his
passion and apply for a different job in a near future.
Paulina works as a software engineer for her firm. Recently, her company was acquired by another firm that had its own information technology department. Because the new firm no longer had need of her services, Paulina's job was eliminated. What type of unemployment is Paulina experiencing?
Chapter 21 Solutions
Principles of Economics 2e
Ch. 21 - Suppose the adult population over the age of 16 is...Ch. 21 - Using the above data, what is the unemployment...Ch. 21 - Over the long term, has the U.S. unemployment rate...Ch. 21 - Whose unemployment rates are commonly higher in...Ch. 21 - Beginning in the 1970s and continuing for three...Ch. 21 - Is the increase in labor force participation rates...Ch. 21 - Many college students graduate from college before...Ch. 21 - What is the difference between being unemployed...Ch. 21 - How do you calculate the unemployment rate? How do...Ch. 21 - Are all adults who do not hold jobs counted as...
Ch. 21 - If you an? out of school but working part time,...Ch. 21 - What happens to the unemployment rate when...Ch. 21 - What happens to the labor force participation rate...Ch. 21 - What are some of the problems with using the...Ch. 21 - What criteria do the BLS use to count someone as...Ch. 21 - Assess whether the following would be counted as...Ch. 21 - Are U.S. unemployment rates typically higher,...Ch. 21 - Are U.S. unemployment rates distributed evenly...Ch. 21 - When would you expect cyclical unemployment to be...Ch. 21 - Why is there unemployment in a labor market with...Ch. 21 - Name and explain some of the reasons why wages are...Ch. 21 - What term describes the remaining level of...Ch. 21 - What forces create the natural rate of...Ch. 21 - Would you expect the natural rate of unemployment...Ch. 21 - Would you expect the natural rate of unemployment...Ch. 21 - What is frictional unemployment? Give examples of...Ch. 21 - What is structural unemployment? Give examples of...Ch. 21 - After several years of economic growth, would you...Ch. 21 - What type of unemployment (cyclical, frictional,...Ch. 21 - Using the definition of the unemployment rate, is...Ch. 21 - Is a decrease in the unemployment rate necessarily...Ch. 21 - If many workers become discouraged from looking...Ch. 21 - Would you expect hidden unemployment to be higher,...Ch. 21 - Is the higher unemployment rates for minority...Ch. 21 - While unemployment is highly negatively correlated...Ch. 21 - Why do you think that unemployment rates are lower...Ch. 21 - Do you think it is rational for workers to prefer...Ch. 21 - Under what condition would a decrease in...Ch. 21 - Under what condition would an increase in the...Ch. 21 - As the baby boom generation retires, the ratio of...Ch. 21 - Unemployment rates have been higher in many...Ch. 21 - Is it desirable to pursue a goal of zero...Ch. 21 - Is it desirable to eliminate natural unemployment?...Ch. 21 - The U.S. unemployment rate increased from 4.6 in...Ch. 21 - A country with a population of eight million...Ch. 21 - A government passes a family-friendly law that no...Ch. 21 - As the baby boomer generation retires, what should...
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Similar questions
- Explain the possible causes of unemployment.arrow_forwardWhich of the following is NOT a factor that influences unemployment: Regional location demand for products or services technological advances levels of renewable resources None of the abovearrow_forwardQ7. What type of unemployment (cyclical,seasonal, frictional or structural) applies to each of the following: Only 1 answer each.arrow_forward
- The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identify each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Kate just moved with her husband to Bismark, North Dakota. She's looking for a job as a judicial clerk. Hubert left his job as an electrician when his wife took a position in another region. The quantity of electrical services demanded is considerably lower in the new region, in part because of high union- negotiated wages. He would like to work at the high union wage but remains unemployed due to a lack of electrician jobs. A recent recession has reduced the number of visitors to a local water park. The park has had to lay off many of its employees, including Poornima. The following table presents data on frictional, cyclical, structural, and total unemployment for an economy. Rate Unemployment Type (Percent) 3.6 0.0 1.1 Frictional Cyclical Structural Total…arrow_forwardWhich of the following types of unemployment is experienced when workers are moving between jobs? Cyclical unemployment Frictional unemployment Voluntary unemployment Disguised unemploymentarrow_forwardWhat type of unemployment does each of the following represent? Explain your answers. Q.6.1 Workers at a clothing factory lose their jobs when the firm relocates to another province. (2) Q.6.2 Workers at a factory making floppy disks lose their jobs when the firm goes under due to competition from USB’s. (2) Q.6.3 Migrant farm workers’ employment is terminated when the harvest is finished. (2) Q.6.4 Workers at the car plant are laid off as a result of a slump in motorcar sales. (2) Q.6.5 Worker decides to resign from his firm to find himself, so he can follow his passion and apply for a different job in a near future.arrow_forward
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