Business, 22.04.2020 03:56 bassicallytristen

Kevin recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. Maria just graduated from college and is looking for a full-time position with an investment banking firm. Simone is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job.

Answers: 3

Show answers

Answers

Answer from: solphiafischer

Kevin: Structural unemploymentMaria: Frictional unemploymentSimone: Cyclical unemployment

Explanation:

Structural unemployment refers to a mismatch between the jobs available and the skill levels of the unemployed. What this means is the an individual does not possess the skills needed for him/her to be employed. As we can see from the scenario above, Kevin is unskilled and the minimum-wage legislation is keeping employers from adding more of the low-skill positions for which he qualifies.

Frictional unemployment refers to the unemployment which exists in an economy due to people being in the process of moving from one job to another. This has nothing to do with whether the individual is unskilled. As we can see from the scenario above, Maria is in the process of looking for a job.

Cyclical unemployment refers to the unemployment that arises when the overall demand for goods and services in an economy is low and cannot support full employment. This means that it occurs when economic growth is slow or when there is an economic contraction. From the scenario above, we can see that the house sales in Simone's area have declined because the region has been going through a recession.

Answer from: jaylynC

Kevin recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work.

STRUCTURAL UNEMPLOYMENT: results from a mismatch between the individual's abilities and those required by the market, or in this case, the structural inability of the labor market to reach an equilibrium wage that includes the individual.

Maria just graduated from college and is looking for a full-time position with an investment banking firm.

FRICTIONAL UNEMPLOYMENT: is a type of voluntary unemployment that takes place when an individual is searching for a new and better job. Both structural and frictional unemployment are part of the natural unemployment rate.

Simone is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job.

CYCLICAL UNEMPLOYMENT: results from a decrease in aggregate demand due to a decrease in economic activity (recession), which means that less labor is required to produce aggregate output. This is considered an unhealthy type of unemployment since it happens when the economy is in contraction or has stopped growing and soon will start to contract.

Answer from: Quest

Some disadvantages to leasing a car is that you are counting on someone to give you money every week or month depending on what you decided and if they don't have all of it well what if you needed that money now you as well have to pay not in full. a disadvantages to purchasing a new vehicle is if it is used then not all the time will absolutely everything work. its almost like a trail and era. although if it is a new car they will try to though all these specials and deals at you in your lease and it can be very overwhelming if you are not use to it.

Answer from: Quest

answerthere are 5 cte courses that you take;

Other questions on the subject: Business

Business, 21.06.2019 17:10, taniyahreggienae

Acompany's income statement showed the following: net income, $145,000 and depreciation expense, $36,300. an examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,500; merchandise inventory increased $22,200; and accounts payable increased $5,500. calculate the net cash provided or used by operating activities. $209,500 $139,000 $176,100 $186,500 $142,100

Answers: 2

continue

Business, 22.06.2019 12:30, o11011195

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying

Answers: 1

continue

Business, 23.06.2019 00:00, JayceMeyers06

The undress company produces a dress that women use to quickly and easily change in public. the company is just over a year old and has been successful through a kickstarter campaign. the undress company has identified a customer segment, but if it wants to reach a larger customer segment market outside of the kickstarter family, what question must it answer?

Answers: 1

continue

Business, 23.06.2019 01:20, Athenax

Boxes of honey nut oatmeal are produced to contain 16.0 ounces, with a standard deviation of 0.20 ounce. for a sample size of 49, the 3-sigma -x chart control limits areupper control limit (ucl-x) = ounceslower control limit =(lcl=max

Answers: 1

continue

You know the right answer?

Kevin recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding mo...