Structural unemployment occurs due to单项选择题
A
a. changes in demand for workers due to weather conditions and other seasonal factors.
B
b. a mismatch between the skills of available workers and the jobs required by firms.
C
c. the normal job search time required by people when changing jobs, initially entering the labour force, or re-entering the labour force.
D
d. a downturn in the business cycle; often referred to as demand-deficient unemployment.
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Structural unemployment occurs due to
In a growing economy that is experiencing technological change, unemployment is most likely to be:
Part 1Countries around the world have faced a youth unemployment crisis in recent decades. According to a report by the International Labour Organization, the global youth unemployment rate in 2016 was 2.9 times higher than the global adult rate.Suppose that the labor market shows the demand and supply curves for workers over the age of 22 with a minimum wage of $10. Which of the following factors will result in an increase in structural unemployment? (Select all that apply) A. The inability of young men to adapt to new working conditions B. A reduction in the minimum wage to market-clearing wage C. The reluctance of employers to hire unskilled workers D. An influx of young workers Part 2Based on your answer to the previous part, which of the following statements are likely to be true of structural unemployment? (Select all that apply) A. An increase in structural unemployment due to the inability of unskilled workers to learn new skills is a demand-side effect. B. An increase in structural unemployment due to the reluctance of employers to hire unskilled workers is a demand-side effect. C. An increase in structural unemployment due to the reduction in the minimum wage is a supply-side effect. D. An increase in structural unemployment due to an influx of young workers is a supply-side effect. Part 3Which of the following data sources are required to understand the impact of the demand-side effect and the supply-side effect on structural unemployment? (Select all that apply) A. Data on the number of youths hired across industries B. Data that shows the economic booms and recessions in an economy C. Data on the literacy rate of individuals above the age of 18 D. Data on wages for various jobs accepted by youth Part 4Some countries, such as the UK, have attempted to reduce youth unemployment by implementing a lower minimum wage for workers under the age of 20.The lowering of the minimum wage is likely to [input] ▼ reduce structural increase frictional increase structural reduce frictional empty selection unemployment since the wage is now [input] ▼ closer to further away from empty selection the market wage.Part 5Some countries, such as the UK, have attempted to reduce youth unemployment by implementing a lower minimum wage for workers under the age of 20.Which of the following outcomes is likely to occur if the minimum wage is lowered? A. Voluntary unemployment could decrease because firms will not be willing to hire unskilled workers. B. Voluntary unemployment could increase because people will now value leisure more than work. C. Involuntary unemployment could increase because now firms will not be willing to consider young workers as good substitutes for experienced workers. D. Involuntary unemployment could decrease because the number of jobs available for the youth will reduce.
Project A has a required return on 9.2 percent and cash flows of −$87,000, $32,600, $35,900, and $43,400 for Years 0 to 3, respectively. Project B has a required return of 12.7 percent and cash flows of −$85,000, $14,700, $21,200, and $89,800 for Years 0 to 3, respectively. Which project(s) should you accept based on net present value if the projects are mutually exclusive?
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