Question 15 Kurt B. is searching for a job that suits his tastes about where to live. Autumn E. is looking job that makes best use of her skills. Kurt B. is structurally unemployed, and Autumn E. is frictionally unemployed. O Kurt B. and Autumn E. are both frictionally unemployed. O Kurt B. is frictionally unemployed, and Autumn E. is structurally unemployed. O Kurt B. and Autumn E. are both structurally crazy.
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- Ahmed has just graduated with a PhD degree in refinery product optimization. He is currently residing in the Eastern Province looking for a job in the refining industry. He is structurally unemployed He is frictionallly unemployed He is cyclically and structurally unemployed He is frictionally and structurally unemployed QUESTION 7 A country has a labor force of 1,000,000 and 50,000 of discouraged workers. The unemployment rate is 10%. If the number of discouraged workers increases to 100,000, then the new unemployment rate is 10% 10.53% 5% 5.26%eBook References The best example of a "frictionally unemployed" worker is one who Multiple Choice O reduces productivity by causing friction in a business. O is laid off during a recessionary period in the economy.O is in the process of voluntarily switching jobs. O is discouraged and not actively seeking work.a ) Marie recently graduated from college with a degree in electrical engineering, but she has not yet started working. When will she be counted as “unemployed” according to the BLS? b) Eric was laid off, but he is expecting to be recalled. He has not looked for work since being laid off. Natalie is not employed, nor was she laid off. Who is counted as “unemployed” in the U.S. labor force statistics? c) What are the four different types of unemployment? Explain each.
- Based on each of the following descriptions of an individual, answer whether they would be considered ‘unemployed’ or ‘not unemployed’. why? A 14-year-old is actively looking for a part time pet care job. He applied for three positions but received no responses. A 40-year-old chef was made redundant and loses her job because of COVID-19 pandemic (lack of demand for consumption goods). She is looking for a new job but is struggling to find one.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…A man who retired becomes bored with retirement and begins to look for a job. During the time he is searching for work he would be classified as A) cyclically unemployed. B) structurally unemployed. C) frictionally unemployed. D) not unemployed because he was not working before he started looking for a job.
- Reginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered: O underemployed. O unemployed. employed in the underground economy. out of the labor force.If part-time employment is increasing, full-time employment is decreasing. Answer true, false, or uncertain. Please briefly explain your answer.The percentage of people who work part-time for non-economic reasons is relatively steady over time. decreases in periods of recession. increases in periods of expansion. fluctuates with the business cycle. Incorrect The percentage of people who work part-time for economic reasons increases in periods of expansion. decreases in periods of recession. fluctuates with the business cycle. O is relatively steady over time. Incorrect MacBook Air O O O O
- Which one of the following people would be counted as unemployed in Canada? A. Rebekah is a recent graduate looking for work. B. Simone is currently working but expects to be laid off by the end of the month, before next month's survey can be completed. OC. Ruth is a 14-year-old student and has been looking for an after-school job every day for the past month. OD. Ron has quit looking because he believes that there is no work available for him. OE. Sarah has been looking for a job but is taking a month-long break from the job-seeking effort due to her lack of skills.In January 2022 the adult population in the fictional country Kellytopia was 140 million, total employment was 90 million, the labor force was 105 million, and there were 1.2 million discouraged workers. A) What was the unemployment rate? Show your work. B) What was the labor force participation rate? Show your work. C) Now, assume that a year later in January 2022, the adult population was 142.8 million, total employment was 90 million, the labor force was 104 million, and there were 2.2 million discouraged workers. Mark Kelly, the fictional President of the fictional country Kellytopia claims that, through his great and benevolent leadership, Kellytopia’s employment situation has improved since last year. Do you agree with his assertion? Why or why not? D) On a graph, show how the labor market with efficiency wages is impacted by the decline in the labor force participation rate described in part C.The town of Villageton has 500 residents, of which 300 are employed, 30 are not working but actively seeking work, 70 are children in school, 40 are retirees, 30 are full-time college students, 20 are institutionalized, and 10 are discouraged workers. Calculate the unemployment rate in Villageton. Suppose 10 of the 30 college students graduate and enter the labor force actively seeking work, but only 5 find a job. How does this change the unemployment rate in Villageton? Is this economy “fully-employed” according to the U.S. definition? Why or why not? How would the “U6” definition of unemployment differ from your answer to question #2a? Would it be higher or lower? Calculate the labor force participation rate (LFPR) using the numbers above.