Decide whether each of the following is frictional, structural, or cyclical unemployment:
a. The economy gets worse, so General Motors shuts down a factory for four months, laying off workers. cyclical structural frictional
b. General Motors lays off 5,000 workers and replaces them with robots. The workers start looking for jobs outside the auto industry. cyclical structural frictional
c. About 10 workers per month at a General Motors plant quit their jobs because they want to live in another town. They start searching for work in the new town.

Answers

Answer 1

Answer and Explanation:

The classification is as follows:

a. Cyclical unemployment

Since the economy got worse and the factory would be shut down for 4 months so this represent that the economy would go into recession  

b. Structural unemployment

As General motors would lays off 5,000 workes and wants to subsitute with robots so here there is a mismatch of the skills & characteristics according to the job requirements

c. Frictional unemployment

Frictional unemployment is classify as a short-term unemployment that occurred for matching the workers with the available jobs


Related Questions

Chen Company's Small Motor Division manufactures a number of small motors used in household and office appliances. The Household Division of Chen then assembles and packages such items as blenders and juicers. Both divisions are free to buy and sell any of their components internally or externally. The following costs relate to small motor LN233 on a per unit basis.
Fixed cost per unit $5.20
Variable cost per unit $10.81
Selling price per unit $34.55
Assuming that the Small Motor Division has excess capacity, compute the minimum acceptable price for the transfer of small motor LN233 to the Household Division. (Round answer to 2 decimal places.)
Minimum transfer price $ per unit
Assuming that the Small Motor Division does not have excess capacity, compute the minimum acceptable price for the transfer of the small motor to the Household Division. (Round answer to 2 decimal places.)

Answers

Answer:

See below

Explanation:

1. If the small motor division has excess capacity,

Minimum transfer price = Variable cost + Opportunity cost

Variable cost per unit = $10.81

Add:

Opportunity cost per unit = $0.00 (Because the company has sufficient excess capacity)

Minimum transfer price = $10.81

2. If the small motor division has excess capacity,

Minimum transfer price = Variable cost + Opportunity cost

Variable cost per unit = $10.81

Add:

Opportunity cost per unit = $23.74 (As the company has no excess capacity, contribution lost is the opportunity cost)

Minimum transfer price = $34.55

N.B

Contribution lost = Selling price per unit - Variable cost per unit

= $34,55 - $10.8 = $23.74

Below are several names of companies and their founders. Explain whether the business creates and sells innovative products or uses innovative methods or both

Answers

Answer:

my Answer is a products is notikdd

Setting and achieving goals is essential to success.

a. True
b. False

Answers

Answer: True

Explanation:

The statement that "Setting and achieving goals is essential to success" is true.

When we set goals, it gives us a motivation for the short term and also a long term vision. Setting goals doesn't allow us to deviate from whatever we want to achieve. Our time and resources are dedicated towards achieving that set goal.

Setrakian Industries needs to raise $48.5 million to fund a new project. The company will sell bonds that have a coupon rate of 5.56 percent paid semiannually and that mature in 10 years. The bonds will be sold at an initial YTM of 6.13 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds

Answers

Answer:

25,317 unit

Explanation:

Current price of bond = PV(Rate, Nper, Pmt, Fv)

Current price of bond = PV(6.13%/2, 10*2 ,5.56%/2*2000, 2000)

Current price of bond = $1,915.71

Number of bonds to issue = $48,500,000 / $1,915.71

Number of bonds to issue = 25316.98430

Number of bonds to issue = 25,317 unit

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