Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

10 15 10 1 5) Match the following the types unemployment with the proper definition. Because of weather conditions, a business firm with 500 workers

image text in transcribed
10 15 10 1 5) Match the following the types unemployment with the proper definition. Because of weather conditions, a business firm with 500 workers closes its doors in Sacramento and relocates to Wisconsin. V [it] ] The 500 workers that lose jobs in Sacramento can be classified as: Structurally unemployed. Because of low level of education and high wages due to minimum wage laws, Frictionally unemployed Adam is not able to get a job offer. Therefore, he is: Cyclically unemployed Susan finishes school and starts looking [ it]# ] for a job. During this search period she is said to be: Ashley is a chef in a reputable restaurant. C As a result of a pandemic she loses her job and becomes: In all free market economies some [ it]# ] unemployment is unavoidable, even during normal economic conditions. Part of this unemployment is simply due to the fact that there jobs available in the labor market, but some workers have not found them yet. Such people are called

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Great Divide Unequal Societies And What We Can Do About Them

Authors: Joseph E Stiglitz

1st Edition

0393352188, 9780393352184

More Books

Students also viewed these Economics questions