Which of the following can result in a reduction of unemployment? A. Increased population growth B. Increase in demand for exports C. Reduction in labour intensity of production D. Increased immigration E. Decrease in government spending

Which of the following can result in a reduction of unemployment? A. Increased population growth B. Increase in demand for exports C. Reduction in labour intensity of production D. Increased immigration E. Decrease in government spending

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 15E

See similar textbooks

Related questions

Q: ♫ Suppose p'(r) < at some r. Explain in words why this does not happen in equilibrium and how…

A: In utility analysis, the derivative of the utility function with respect to a specific variable (in…

Q: A small town has two bakeries, Acme and Fat Apple. Acme's marginal cost to make a loaf of bread is…

A: Acme's marginal cost to make a loaf of bread is $1 and Fat Apple's marginal cost is $2Acme's demand…

Q: Suppose the economy is initially in long-run equilibrium. The Fed decides to increase the required…

A: Required Reserve Ratio:The required reserve ratio is the proportion of deposits that banks are…

Q: Price 0 ib C d D₂ Quantity Refer to Exhibit 4.1 for the demand curves of baby formula. Which of the…

A: A demand curve depicts the inverse relationship between price and quantity demand of a good, keeping…

Q: one of your relaties suggests to you that our country should stop trading with other countries…

A: First, I would explain the numerous benefits of international trade to my relatives. It is important…

Q: What is a trade deficit? a) When a country exports more goods than it imports b) When a country's…

A: The export is the sale of goods and services to the foreign country. Import is the purchase of goods…

Q: The four-firm concentration ratio for the national industry does not capture the effects of all of…

A: 4-Firm Concentration Ratio (CR4): This ratio calculates the total market share of the four largest…

Q: Which of the following do not qualify as potential driving forces capable of inducing fundamental…

A: Industry alludes to the coordinated and deliberate production of goods, services, or products inside…

Q: Once trade begins, the price of labor in Tomczakistan increases increases . In Leightvania, the…

A: Production possibility frontier shows different combination of two good or services that can be…

Q: Comparing the slope of the budget line (Opportunity Cost of Good Y) with the slope of the…

A: Marginal Rate of Substitution:In microeconomics, the marginal rate of substitution (MRS) shows the…

Q: 0 War Goods tefer to the diagram. Given production possibilities curve a

A: Production possibility curve (PPC) depicts the combination of two goods that are produced by using…

Q: A brand that has experienced an ethical crisis is Victoria's Secret. They have sweatshops in Sri…

A: Economic analysis refers to the systematic approach used to examine how scarce resources are…

Q: Question 2: Write an equation for the MRS for the following utility functions and find two bundles…

A: Marginal Rate of Substitution is the rate at which a consumer is willing to trade one good for…

Q: The graph in Figure I presents the annual GDP growth rate of the United States economy since the…

A: The consumption function shows the relationship between real GDP and consumption levels.The…

Q: Blake eats two bags of generic potato chips cach day, and does not purchase any name-brand chips.…

A: Income elasticity is calculated as the percentage change in quantity divided by the percentage…

Q: Bicycles 14-A 12 10 8 9 4 2 B F D E 02 4 6 8 10 Computers Refer to the diagram. If society is…

A: The production possibility frontier is a graphical representation of the combination of two goods…

Q: Frank is lending $1,000 to Sarah for two years. Frank and Sarah agree that Frank should earn a real…

A: Nominal interest rate refers to the interest rate before taking inflation into account. Nominal can…

Q: 问题1 The diamond-water paradox can be explained by the fact that a. diamonds are scarcer than water.…

A: This paradox elaborates the difference in prices of diamond and water. Water is available at very…

Q: Anti-combine, or anti-trust, laws OA. encourage businesses to be competitors. OB. drive price -…

A: Economic laws are fundamental rules or principles that describe how economic systems and markets…

Q: For country A: CPI March 2021 is 523.5, and CPI April 2021 is 532.5. For country B: CPI March 2021…

A: Country ACPI March 2021: 523.5CPI April 2021: 532.5Inflation rate: Country BCPI March 2021: 264.8CPI…

Q: A civil engineer planning for her retirement places 10% of her salary each year into a…

A: The future worth is a financial term used to calculate the value of an investment or cash flow at a…

Q: Suppose a local government votes to impose an excise tax of $1.00 per bottle on the sales of bottled…

A: The demand curve is the downward sloping curve. Supply curve is the upward sloping curve.…

Q: Which of the following statements is most true? Consumers will pay 1/3 of the tax Producers will…

A: The given diagram shows supply and demand curves. S0 is the initial supply curve and S1 is the…

Q: 1. The government of Antigua wishes to introduce income tax to increase government revenue. In so…

A: Let x is annual income of an employee and f(x) is the amount of income tax that he/she should…

Q: Table 17-1 Imagine a small town in which only two residents, Celia and Venya, own wells that produce…

A: Marginal social cost (MSC) refers to total cost to society as a whole for the production of an…

Q: The final answer should have been 9000 as: c) Let CU be currency in circulation Old MS = CU +…

A: Banks generally maintain a fraction of the deposits they receive as reserves and lend out the rest,…

Q: 7. The national debt a. Is paid off each fiscal year when the debt is refinanced. b. Will never be…

A: The national debt refers to the total outstanding financial obligations of a national government. It…

Q: The figure illustrates the market for tricycles in a country. Price 18- 16+ 14+ 12+ 10+ Domestic…

A: The graph 9.5 represents the domestic demand and domestic supply curve. The domestic equilibrium is…

Q: Suppose that Ms. Thomson is currently exhausting her money income by purchasing 10 units of A and 8…

A: The concept of diminishing marginal utility refers to the observation that as a person consumes more…

Q: 48. The Federal Reserve Bank "controls" the Office of Terrorism & Financial Intelligence. The…

A: The Federal Reserve, often referred to as the Fed, is the central banking system of the United…

Q: 36. (Figure: The Supply of DVD Rentals) Figure: The Supply of DVD Rentals Rental price of DVDs…

A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…

Q: Gross Private Domestic Investment Exports of the United States Disposable Income Personal Saving…

A: GDP is the gross domestic product.GDP is defined as the market value of all the final goods and…

Q: QUESTION 1 Given a demand curve of P = 1200 - 40Qd and supply of P = 200 + 10Qs and a binding price…

A: The supply and demand are not in equilibrium society will face a cost known as societal deadweight…

Q: Suppose that the government has been supporting the price of corn. It's free market price is $2.50…

A: Price floor or support price is introduced by the govt. when govt. sets minimum price level at which…

Q: A looseningloosening of the labor market will cause A. the aggregate supply curve to shift down. B.…

A: This can be described as a form of labor market that typically means an increase in unemployment and…

Q: Which of the following pairs of countries experienced approximately the same rate of growth of real…

A: Real income per individual, habitually implied as real GDP per capita, is an action that changes…

Q: State of the Economy Real GDP Potential Real GDP Real GDP Potential Real GDP What Do We Call It?…

A: Real GDP is the actual output produced in a year. Potential real GDP: It's the economy's productive…

Q: ow the change in the market for electric cars that is consistent with the following statement: "When…

A: The shifts in the supply curve and/or the demand curve result to change in the equilibrium. In some…

Q: Refer to the graphs shown, which show indifference curve analysis with the associated demand curves.…

A: Indifference curves are a graphical representation used in microeconomics to illustrate a consumer's…

Q: Perfectly competitive industries have free entry and exit in the long run. When will firms decide to…

A: A perfectly competitive market is a type of market structure in which there are many buyers and…

Q: 6. Consider the following news headline: "Increase in consumer confidence leads to increase in…

A: DISCLAIMER “Since you have asked multiple questions, we will solve the first question for you. If…

Q: a) Suppose price of x₁ falls to Rs. 3, will its quantity demanded increase? Why? 5) Now suppose P₂…

A: Given:a) Suppose the price of x1 falls to Rs. 3, will its quantity demanded increase?…

Q: 2. A two-product firm faces the following demand and cost functions: Q₁ = 40 - 2P₁ Q2 = 35 P₁ P2 C =…

A: A cost function is the relationship between the input quantities of resources or factors of…

Q: Are all prices in the economy equally inflexible? Which ones show large amounts of short-run…

A: In economics, short-run flexibility refers to the ability of a firm or industry to adjust its…

Q: Suppose a local government votes to impose an excise tax of $1.00 per bottle on the sales of bottled…

A: The demand curve is the downward sloping curve. Supply curve is the upward sloping curve.…

Q: Consider an excise tax. The seller bears 100% of the tax burden when: □a. The demand curve is…

A: Taxation and Suppliers:Taxation conveys the act of the government to squeeze surplus from both…

Q: Price level A) E to A. B) C to D. C) A to E. D) C to B. E) D to C. LRAS Save D B E Real GDP Refer to…

A: The AD-AS framework is a model used in macroeconomics to analyze and explain changes in the overall…

Q: firm with market power faces the following estimated demand and average variable cost functions:…

A: Profit maximization is the goal or objective of a firm to maximize its profits or financial gains.…

Q: Suppose that the only inputs your company uses are labor and capital. t is possible to…

A: Cost refers to the expenses that incur in the process of production. There are usually two types of…

Q: A machine Costs = $30000, O&M = $2000/year, Savings = $10000/year, Salvage @ 5 years = $7000. i =…

A: Present value refers to the current value of a future sum of money or a series of cash flows,…

Question

Which of the following can result
in a reduction of unemployment?
A. Increased population growth
B. Increase in demand for exports
C. Reduction in labour intensity of
production
D. Increased immigration
E. Decrease in government spending

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Define the relationship between output and unemployment

VIEW

Step 2: Choose the correct option

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

In his 2020 State of the Nation Address (SoNA), president of South Africa humbly noted... "Even if we [the government] were to marshal every single resource at our disposal, and engage on a huge expenditure of public funds,we would not alone be able to guarentee employment to the millions of people who are out of work". Without growth there will be no jobs,and without jobs there will be no meaningful improvement in the lives of our people". Using the South African SoNA 2020 as a reference,discuss the examples of the different ways that South African government intervenes in the economy.
QUESTION 16 Sat Aroer A. If 60 per cent of the population in a country is employed and average labour productivity equals $20,000. Calculate real GDP per person a. If real GDP por person in this incroases to "$10,000" and labour productivity is $15,000, What is the percentage of the population is employed? for the tooher, pres ATIFIOer ALTfNFI0 Mac
Consider an imaginary 10-year period over which output per person falls but GDP increases. How can this happen? This is possible if A. the rate of unemployment is constant B. the rate of increase in the other factors of production is small CC. the number of people in the corresponding population is falling OD the rate of technical progress is constant economy?
Bags o Number of fish Which of the following economic activities have led to an increase in the standard of living w ldwide over the last century? Only the most complete answer will be correct. investments in education and infrastructure increases in international trade increases in farm productivity O increases in technology
How is it possible for labor productivity to increase if output is falling?
What should happen to unemployment rate, Inflation rate and economic growth rate when there is an increase in the minimum wage.
As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?
Would the following events usually lead to capital deepening? Why or why not? A weak economy in which businesses become reluctant to make long-term investments in physical capital. A rise in international trade. A trend in which many more adults participate in continuing education courses through their employers and at colleges and universities.
Say that the average worker in the U.S. economy is eight times as productive as an average worker in Mexico. If the productivity of U.S. workers grows at 2 for 25 years and the productivity of Mexicos workers grows at 6 for 25 years, which country will have higher worker productivity at that point?
What is capital deepening?
BIRTA RATE B.R. D.R. FRAAM A FRAPA B Based on the graph above, the movement from B to C is caused by: a) Higher population density. b) The rapid pace of technological innovation. c) Lower-income per capita. d) Birth rates are higher than death rates.
ed ok ht nces Problem 02-06 algo Assume that total output is determined by this formula: number of workers x productivity = total output Hint. Assume there are 100 workers and each worker produces $100 of output. Instructions: Round your responses to one decimal place. a. If the workforce is growing by 3 percent a year but productivity doesn't improve, how fast can output increase? Output can increase by [ %. b. If productivity increases by 2 percent and the number of workers increases by 3 percent a year, how fast will output grow? Output will grow by %.