) Which one of the following individuals would be classified as structurally unemployed?
A) Bennett lost his job because there was a reduction in the number of houses built during the winter of 1986.
B) Gail lost her job with the province because there was a reduction in the provincial budget.
C) Tommy lost his job when the steel mill where he worked closed because domestic producers would not produce as efficiently and cheaply as foreign firms.
D) Fay lost her job in early January when the Christmas store where she worked closed.
42) A lifeguard who is out of work in the winter is
A) frictionally unemployed.
B) structurally unemployed.
C) cyclically unemployed.
D) seasonally unemployed.
43) The fact that a number of lifeguards lose their jobs at the end of each summer would be counted as
A) cyclical unemployment.
B) frictional unemployment.
C) seasonal unemployment.
D) structural unemployment.
44) An individual with good job prospects who is between jobs is
A) structurally unemployed.
B) cyclically unemployed.
C) not in the labour force.
D) frictionally unemployed.
45) An example of a frictionally unemployed individual is
A) Charles who has lost his job as an autoworker because of increased imports.
B) Mary who quit her job to find work closer to her home.
C) Sam who lost his job as a real estate salesperson when the housing market went soft.
D) Cynthia who has few skills and is no longer looking for work.
46) Structural unemployment results
A) when a reduction in consumer income reduces demand for products.
B) when individuals enter the labour market in June following graduation.
C) when workers face layoffs following a decrease in economic activity.
D) when consumers' demand for a product falls so dramatically that workers specializing in the production of that product find themselves out of work.
47) An unemployment rate of zero can not be expected since
A) there are some people who do not want to work.
B) there will always be discouraged workers.
C) some portion of the labour force will always be between jobs.
D) aggregate demand can never create enough job vacancies.
48) Cyclical unemployment occurs when
A) individuals enter into the labour market making the rounds of potential employers.
B) individuals with skills no longer valued in the domestic labour market can not find employment.
C) individuals give up the search for employment.
D) a downturn in economic activity reduces employment.
49) An example of a cyclically unemployed individual is
A) Charles who lost his job as a real estate salesperson when the housing market went soft.
B) Alice who quit her job to enter college.
C) Mary who lost her job in the textile industry following a decrease in the tariff on textiles.
D) Bob who has just graduated from college and is entering the labour market.
50) When there is full employment
A) everyone has a job.
B) there is no frictional unemployment.
C) there are no job vacancies.
D) the level of unemployment corresponds to the "normal" friction in the labour market.
What are the four major elements of the broad definition of assurance services?Aug 26 2020
A problem with groupthink is that no one is actually in charge of making the final decision or outcome, which results in [A]Ambiguous responsibility[B]Role incoherence[C]...Mar 08 2018
On January 1. 2016. X Co. issued $600,000 of its 5%, 5 year bonds payable Interest is payable annually on December 31. 2016. Assuming that the bonds were issued at par va...Mar 20 2020
500 words for benefits of diversity management500 words for challenges and issues associated with diversity managementYou have to write from an organisational perspective...Aug 08 2020
Commercial Hydronics is considering replacing one of its larger control devices. A new unit sells for $29,000 (delivered). An additional $3,000 will be needed to install ...Mar 31 2020
What is the most important difference between generic software product development and custom software development? What might this mean in practice for users of generic...Jun 14 2020
What factors need to be considered when delegating tasks?Nov 28 2019
A controlling interest in another company:a.exists whenever the relationship between the investor and investee gives the investor significant influence.b.requires the par...Jan 25 2020
PhD Social Work Reflective Journal: Students will articulate their thoughts, beliefs and feelings, reflecting on how their personal values support or conflict with profes...Feb 14 2020
Example questions 2.5 Example questions Exercise 2.1 Force (= 80 N and the resultant R=120 N (→). Determine the magnitude of force P and the angle a. Answers: P=58.3 N, O...Aug 19 2020
Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.