This topic contains a solution. Click here to go to the answer

Author Question: What are the social and economic implications of unemployment? Explain. What will be an ideal ... (Read 64 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
What are the social and economic implications of unemployment? Explain.
 
  What will be an ideal response?

Question 2

Briefly explain why the reported official unemployment rate in Spain in 1994 may have provided an over-estimate of unemployment in Spain.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momolu

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

Economic implications: signal of economic activity and measure of the utilization of labor. Social implications: the emotional and psychological suffering that occurs as a result of being unemployed.

Answer to Question 2

The relatively high unemployment rate in Spain is partly the result of a relatively large underground economy. The underground economy is that part of the economy not measured in official statistics. After taking into account those individuals who are employed in the underground economy, the unemployment rate in Spain would have been lower (but still relatively high).




rosent76

  • Member
  • Posts: 516
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

For a complete list of videos, visit our video library