Author Question: Can frictional unemployment ever be totally eliminated? Explain your answer. What will be an ... (Read 50 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
Can frictional unemployment ever be totally eliminated? Explain your answer.
 
  What will be an ideal response?

Question 2

At the quantity of 200 bushels of apples, the marginal social benefit of a bushel of apples is 100 and the marginal social cost is 50. To produce the efficient quantity of apples
 
  A) more apples should be produced.
  B) fewer apples should be produced.
  C) there should be no change in the amount of apples produced.
  D) More information on the willingness of consumers to purchase apples is needed to determine the efficient level of apples.



ergserg

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

Frictional unemployment arises from normal labor market turnover. Because this type of unemployment is associated with normal changes, it is impossible to be eliminated. Indeed, some frictional unemployment is purely voluntary, with these unemployed workers choosing to become unemployed because they expect to find a job that is more satisfying.

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

For a complete list of videos, visit our video library