Question
Pleasestatethedefinitionforthethreetypesofunemploymentdiscussedinthecourse.Providean explanationforeach. (a) Whatdoesahighrateofcyclicalunemploymentmeanforeconomicgrowthrelativetothelong term?Brieflyexplainyouranswer. (b) Whatwillhappentotherateofstructuralunemploymentifaneconomicslowdownmeanstaxi driverslosetheirjobs?Brieflyexplainyouranswer. (c) Hastheincreaseintheuseoftechnology(e.g.internet)inrecentyearshelpedreducetheaverage timeoffrictionalunemploymentrelativetothe1980sand1990swhenmostcommunication betweenpotentialemployersandemployeeswerebasedontraditionallettersandtelephone Thefollowingthreestatementsareallfalse.Brieflyexplainwhythisisso. (a) Asuddenincreaseinchildrenbornlastyearhascausedthesizeofthelabourforcetoincrease. (b) Allparttimeworkersareunderemployed. (c) Ariseinthenumberofstayathomemothersincreasestheunemploymentrate.
Pleasestatethedefinitionforthethreetypesofunemploymentdiscussedinthecourse.Providean
explanationforeach.
(a) Whatdoesahighrateofcyclicalunemploymentmeanforeconomicgrowthrelativetothelong
term?Brieflyexplainyouranswer.
(b) Whatwillhappentotherateofstructuralunemploymentifaneconomicslowdownmeanstaxi
driverslosetheirjobs?Brieflyexplainyouranswer.
(c) Hastheincreaseintheuseoftechnology(e.g.internet)inrecentyearshelpedreducetheaverage
timeoffrictionalunemploymentrelativetothe1980sand1990swhenmostcommunication
betweenpotentialemployersandemployeeswerebasedontraditionallettersandtelephone
Thefollowingthreestatementsareallfalse.Brieflyexplainwhythisisso.
(a) Asuddenincreaseinchildrenbornlastyearhascausedthesizeofthelabourforcetoincrease.
(b) Allparttimeworkersareunderemployed.
(c) Ariseinthenumberofstayathomemothersincreasestheunemploymentrate.
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Strategic Management And Business Policy Toward Global Sustainability
Authors: Thomas L. Wheelen, J. David Hunger
13th Edition
