Structural unemployment Study guides, Revision notes & Summaries

Economic Paper 2, 15/15 essay on the causes of cyclical and structural unemployment

Demand Curve Shift Upward (direct relationship-positive shift) - correct answer The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market Demand Curve Shift Downward (inverse relationship-neg. shift) - correct answer The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis - correct answer strengths, weaknesses, opportunities, threats Three common measures of price inflation: - correct answer 1....

What is the labor force? CORRECT ANSWER the sum of employed and unemployed workers in the economy; it includes adult (16+) non-institutional civilian population What does "not in the labor force" mean? CORRECT ANSWER they currently do not have a job and they are not currently actively looking for a job what are the to kinds of people included in the labor force? CORRECT ANSWER unemployed and employed what does it mean to be unemployed CORRECT ANSWER someone who is not working but is cur...

IOP2605-Human Capacity Development SEMESTER 1 & 2 ASSIGNMENTS LATEST 2022. QUESTION 1 Read the following excerpt and answer the questions that follow: The theory of human personhood advocates interdependence, where person means that the self has meaning when it is in a relationship with others and the rest of creation (Klaasen, 2017). This perspective holds that the community makes the person and the person's moral achievement is defined by the ethic that emphasises sensitivity to the int...

Steven Pinker has a book called ____. The book described ___. - Answer- "Better angels of our nature" convincing argument that crime and violence have gone down worldwide 3 lowest crime rate countries? why is each is so low? - Answer- Switzerland, Singapore, Japan ------------------------------------------------- Swiss = everyone has guns, well regulated Singapore & Japan: nobody has guns 3 ways of measuring crime - Answer- looking at published statistics, Self-report, Victimizatio...

BEC FormulasReal GDP - correct answer Nominal GDP/GDP Deflator x 100 Multiplier effect - correct answer 1/(1-MPC) The expenditure approach - correct answer Government Purchases Gross Domestic Investment Personal Consumption Net Exports The income approach - correct answer Income of proprietors Profits of corporations Interest (net) Rental Income Adjustments for Net Foreign Income and miscellaneous items Taxes Employee Compensation Depreciation Net National Product - correct...

GVPT 282 Midterm Latest 2023 Asian Infrastructure Investment Bank (AIIB) The AIIB is a financial institution focused on multilateral development in the Asia-Pacific region. This bank, with its 17-founding member and other joiners, competes with the IFIs established under the Bretton Woods System, mainly the World Bank and IMF. As a result, it threatens U.S.'s power to advance its foreign policy through conditionality for loans. Instead, IFIs may not compete, and this competition allows developi...

Franchise a contractual agreement between a parent company and a franchisee to distribute goods and services Corporation a form of business ownership that is owned by stockholders who have purchased units or shares of the company Elastic Demand demand that changes according to changes in price Inelastic Demand demand that is not affected by changes in price. Unitary Demand when sales remain the same because changes in supply and demand are equal Tort a...

Demand Curve Shift Upward (direct relationship-positive shift) - ️️The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market Demand Curve Shift Downward (inverse relationship-neg. shift) - ️️The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis - ️️strengths, weaknesses, opportunities, threats Three common measures of price inflation: - ️️1. The Consumer Price Index (CP) 2. The Produ...

Social Security - Correct Answer the use of contributions made by workers and employers through a social security tax to provide income to people and their families during retirement or in the case of unemployment, disability, or death sovereignty - Correct Answer the ultimate, supreme power in a state socialism - Correct Answer an economic system in which property and the distribution of income are subject to social and governmental control rather than individual determination of market f...