The growers refuse to hire laid-off engineers

Assignment Help Microeconomics
Reference no: EM13683879

Juanita earned a B.S. in engineering and went to work for a defence contractor. When the government cut spending, Juanita and 99 others were laid off. The only other business in the town is growing grapes, but the growers refuse to hire laid-off engineers, knowing they will leave at the first opportunity. The unemployment Juanita is experiencing is

A) Cyclical

B) Structural

C) Seasonal

D) Frictional

E) Voluntary

Reference no: EM13683879

Questions Cloud

Considered a cost of unemployment : Which of the following is not considered a cost of unemployment?
Kinds of unemployment is the hardest to reduce : Which of the following kinds of unemployment is the hardest to reduce?
Presume the official unemployment rate : Presume the official unemployment rate is 10 percent. We can conclude without question that The same 10 percent of the people in the economy were out of work for the entire year
In periods of high inflation : In periods of high inflation,
The growers refuse to hire laid-off engineers : Juanita earned a B.S. in engineering and went to work for a defence contractor. When the government cut spending, Juanita and 99 others were laid off. The only other business in the town is growing grapes, but the growers refuse to hire laid-off engi..
Union wage demands might be a source of inflation : The view that union wage demands might be a source of inflation would be best associated with the
Through periods of inflation-all prices increase : Through periods of inflation, all prices increase. Inflation rates differ across regions mainly because of differences in housing prices.
Overstatement of the actual level of unemployment in economy : Which of the following factors makes the official unemployment rate an overstatement of the actual level of unemployment in the economy?
Dissimilar demographic groups : Dissimilar demographic groups- Have dissimilar unemployment rates, Have identical unemployment rates

Reviews

Write a Review

Microeconomics Questions & Answers

  Why are many governments in todays world liberalizing

why are many governments in todays world liberalizing cross-border movements of goods services and resources?what are

  How can you explain the apparent inconsistency

Most macroeconomists believe it is a good thing that taxes act as automatic stabilizers and lower the size of the multiplier. However, a smaller multiplier means that the change in government purchases of goods and services, government transfers

  Consider a market characterized by the following demand and

consider a market characterized by the following demand and supply conditions px 15 - 2qx and px 3 2qx. the

  Determine the present worth of 5 annual deposits of 1200 at

determine the present worth of 5 annual deposits of 1200 at the end of years 1 through 5 followed by 4 equal annual

  Explain position is profit-maximizing position for any firm

1. How do you know that the firm represented in the graph above is a purely competitive firm 2. To maximize profits, this firm will produce at what output level (one letter) 3. Explain why this MR=MC position is the profit-maximizing position for any..

  Plot the data on a scattergram with the s&p index

Plot the data on a scattergram with the S&P index on the vertical axis and CPI on the horizontal axis.What can you say about the relationship between the two indexes?  What does economic theory have to say about this relationship?

  Computing incremental profit

Calculate the incremental profit that south park would earn by customizing its instruments and marketing them directly to end users.

  Analyze a news from a global newspaper

News Analysis. Analyze a news from a global newspaper (Financial Times, Newsweek or a similar one), delivering a report that could be useful for your company to take a managerial decision.

  For what values of ? and y will signaling occur

For what values of λ and y will signaling occur (a separating equilibrium)? For what values of λ and y will signaling not occur (a pooling equilibrium)? Briefly explain.

  What is his quarterly payment

Bill Mitselfik borrowed $10,000 to be repaid in quarterly installments over the next five years.The interest rate he is being charged is 12% per year compounded quarterly. What is his quarterly payment?

  Why is such a difference in asias share of global real gdp

1. Why is there such a difference in Asia's share of global real GDP, depending on whether the computation uses purchasing power parties or exchange rates 2. Why is Asia's "economic size" so much smaller on a per capita basis than on an a..

  Computing breakeven point and profits

The fixed costs at Harley Motors are $1 million annually. The main product has revenue of $8.50 per unit and $4.25 variable cost. Find out the following.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd