Unemployment

Question # 00435629 Posted By: cwatkins Updated on: 12/03/2016 06:12 PM Due on: 12/03/2016
Subject Economics Topic Macroeconomics Tutorials:
Question
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a. Identify which category of unemployment each of the following persons would belong to.

i. Rahul's wife is transferred to the Santa Cruz branch of her bank, so  he leaves his job as a teacher at Campion to try to get a job at St. Elizabeth Technical.

ii. A global economic slump reduces Caribbean tourist traffic.

iii. Digicel buys out Claro Jamaica and lays off Claro's administrative staff.

iv. The contraction of the sugar industry idles cane cutters while the demand for IT workers remains unsatisfied.

v. As production processes become more sophisticated, people who leave school without CXC subjects are unable to find employment.


b. Carefully explain how each of the following events will affect the demand for labour, supply of labour, equilibrium wage and level of employment.

i.  Boatlands of Haitain migrants arrive.

ii. Worldwide demand for exports surge.

iii. The income tax rate is increased from 25 percent to 35 percent.

iv. Improvements in education and training raise the general level of productivity.
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Tutorials for this Question
  1. Tutorial # 00431296 Posted By: neil2103 Posted on: 12/03/2016 08:14 PM
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    The solution of Unemployment...
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