Suppose you are the governor of Country A and you have observed some changes in your country. Identify the likely impact on Country A with the economic concepts we have discussed in this course.

i. Establishment of more labour unions in many industries in the country

ii. A widespread of global pandemic

iii. An abolishment of minimum wage law

iv. Much more educated workers than a decade before

1. How would the unemployment rate be affected ineachof the above cases? Identify the specific type of unemployment (frictional, structural or cyclical unemployment) affected in each case.

i. An earthquake destroying many factories and roads in the country

ii. A removal of restrictions on foreign workers working in the country

iii. Reaching a trade agreement with many other countries

iv. An occurrence of hyperinflation in the country

2.How would the long run economic growth of the country be affected ineachof the above cases? Briefly explain your answers.