Reference no: EM131085753
CH 9 - Unemployment - HW problems - no answers
1. A country with an adult population of 120 million adults has 80 million employed, 5 million
unemployed, and the rest of the adult population is out of the labor force. What's the unemployment rate? What share of the population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
2. Say whether each of the following would be counted as "unemployed" in the U.S. government survey. Briefly explain your answers.
a. A husband willingly stays home with children while his wife works
b. A manufacturing worker whose factory just closed down
c. A college student doing an unpaid summer internship
d. A retiree
3. The quantity supplied and demanded of labor in the country of Shoppingland is shown in the table below. Draw two supply and demand diagrams for the labor market, assuming that wages are sticky downward. In the first diagram, show how a boom in sales that leads to an increase of 60 in the quantity of labor demanded at every level of wages will affect quantity supplied, quantity demanded, and the wage. In the second diagram, show how a drop in sales that leads to a drop of 50 in the quantity of labor demanded (from the original labor demand curve) will affect the quantity of labor supplied, quantity of labor demanded, and the wage.
Hourly Pay Quantity Supplied Quantity Demanded
16 240 340
18 270 320
20 300 300
22 320 290
24 340 280
26 360 270
4. Compare Country Alpha with Country Omega. Which country would you expect to have a higher unemployment rate in each of the following situations?
a. Alpha has a larger share of its population under age 25; Omega has a larger share of its population between the ages of 25-54, men or women.
b. Residents of Alpha tend to have a higher education level than residents of Omega.
c. Alpha recently had an unexpected surge of labor productivity.
d. Residents of Omega are happy to move around the country for jobs, but residents of Alpha prefer to stay put.
e. Alpha and Omega have in the past provided unemployment benefits for an unlimited amount of time, but now Alpha sets a six-month limit for receiving such benefits.
5. The U.S. unemployment rate increased from 4.6% in July 2001 to 5.9% by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? Why?
|
Major challenges and opportunities
: Compose a well-drafted memorandum addressing the major challenges and opportunities to providing cost-effective, highly quality health services during the coming 3-5 years.
|
|
Discuss of team building and conflict management skills
: In a 500 word journal entry, discuss examples of team building, negotiation and conflict management skills that you witnessed while on your field experience site. Conclude your journal with a reflection on how you will demonstrate these skills as ..
|
|
Assess the sustainability and growth potential
: What criteria should be used to assess the sustainability and growth potential of an organization as a learning organization? What is the rationale for selecting these criteria?
|
|
Critical evaluation of strategic management implications
: Design of alternative strategic plan for CEMEX's challenges and growth sustainability in the to Sultanate of Oman as one of th market places.
|
|
What''s the unemployment rate
: Compare Country Alpha with Country Omega. Which country would you expect to have a higher unemployment rate in each of the following situations?
|
|
What is the estimated required rate of return on stock
: Constant Growth Valuation Woidtke Manufacturing's stock currently sells for $33 a share. The stock just paid a dividend of $3.50 a share (i.e., D0 = $3.50), and the dividend is expected to grow forever at a constant rate of 6% a year. What stock pric..
|
|
How different local cultures express their value
: Write about the influence Culture (diffusion) and how different local cultures express their value of this environmental resource by their use of the river in their Space: cultural identity.
|
|
Project schedule in terms of cost
: What are some methods to reduce a project's schedule in terms of cost, quality and availability? Are there any advantages or disadvantages to the various methods that should be considered?
|
|
Critical path-slack and lag relationships
: In the previous weeks we discussed the Critical Path, Slack and Lag relationships. It would seem that if you shorten the critical path, you need to spend MORE money (overtime, extra labor, express shipping, etc.), not less. So how could it save mo..
|