Sectoral shifts, frictional unemployment, and job searches. Suppose the world pr

Question

Sectoral shifts, frictional unemployment, and job searches.

Suppose the world price of cotton rises. The demand for labor among cotton-producing firms in Texas will The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will The unemployment resulting from such sectoral shifts in the economy is best described as unemployment Which of the following policies would reduce the natural rate of unemployment in the economy? Check all that apply. Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government Increasing the benefits offered to unemployed workers through the government's unemployment insurance program Offering recipients of unemployment insurance a cash bonus if they find a new job within a specified number of weeks

Explanation / Answer

Fill ups

1 demand for labor will increase (as there will increase in production due to increased prices.)

2. demand for labor in textile production will decrease (as production decreases due to increase in costs)

3.Such type of unemployments are cyclical ( results due to changes in the economy or business cycle).

4 option c, this will incentivize to search for job more actively.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.