Social Studies, 03.07.2019 22:30 chrisandthemike76

What category of unemployment includes people who are unemployed for longer periods because they do not have the skills required of the available jobs? a. frictional unemployment b. structural unemployment c. seasonal unemployment d. cyclical unemployment

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The category of unemployment that includes people who are unemployed for longer periods because they do not have the skills required of the available jobs is called “Structural unemployment” so option B is the correct one.

Structural unemployment occurs when people do not have the skills needed for a job. For example, if you don't know how to use a computer and all the jobs in the market are asking for it, then you don't have the skills needed for the jobs available in the market. Frictional unemployment occurs when you are without a job voluntarily maybe because you are searching for a better job. Cyclical unemployment occurs due to the different needs of the economy in a certain time and it might change from time to time. Seasonal unemployment occurs when certain jobs are needed in a particular season of the year (for example during vacations more jobs are needed in tourism industries)

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levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.

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Taking a shower. why is cause as you shower the water is running more than taking a bath, washing a load of dishes or brushing your teeth. water is being used more by taking a shower and depending on how many people live in the household that take showers. some take a shower twice a day.

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What category of unemployment includes people who are unemployed for longer periods because they do...