Question

In: Economics

Indicate whether the described individuals are consideredofficially employed or unemployed or neither and whether they...

Indicate whether the described individuals are considered officially employed or unemployed or neither and whether they are a part of the labor force or not. Also, for those individuals unemployed indicate the type of unemployment (frictional, structural or cyclical). (12 pts)

Individuals

Employed/ Unemployed/

Neither

Belongs to Labor Force (Yes/No)

Type of Unemployment

Candy works in the strip club in Nassau.

Karen just graduated from high school and sent her resume out.

With the implementation of self-paid toll booths, Sharon lost her job.

Kevin is temporarily laid off after the hurricane due to the business closing.

Kathryn is a professional student at the University of the Bahamas.

Maria quits her job to find a job that gives her greater gratification.

Steve works only 5 hours per week and is looking for a 9 to 5 job.

Tiffany quits her job to become a housewife and raise a child.

Paul is a PE teacher that works as a security officer at night.

Devon looked for work for a while and was unsuccessful so he decided to start a new hobby playing golf.

Solutions

Expert Solution

Answer-

1.Candy works in the strip club in Nassau-Employed as she getting paid by the club.

Labor force-Yes

2.karen just graduated from high school and just sent her resume out-Unemployed (Frictional unemployment) as in this karen is looking for a job.

Labor force -No

3.With the implementation of self-paid tolls booths,sharon lost her job-Unemployed (Structural unemployment) because of mismatch of the skills sharon lost her job.

Labor force-No

4.kevin is temporarily laid off after the hurriance due to the business closing-Unemployed (Cyclical unemployment) due to contraction phase in business cycle.

Labor force-No

5. Kathryn is a professional student at the University of the Bahamas-Neither Employed nor Unemployed.

Labor force-No

6.Maria quits her job to find a job that gives her greater gratification-Unemployed (Firctional unemployment) as Maria will find a job to get a greater gratification.

Labor force-No

7.Steve works only 5 hours per week and is looking for 9-5 job-Firctional unemployment as Steve will look for 9-5 job.

Labor force-No

8.Tiffany quits her job to become a housewife and raise a child-Neither employed and unemployed.

Labor force-No

9.Paul is a PE teacher that works as a security officer at night -Employed as ,Paul works as a security officer at night.

Labor force-Yes

10. Devon looked for work for a while and was unsuccessful so he decided to start a new hobby playing golf.Firctional unemployment-looking for a job.

Labor force-No

Rahul Sunny answered 2 years ago

Next > < Previous

Related Solutions

1. Indicate whether the following people are employed, unemployed or not in the labor force. Explain....

1. Indicate whether the following people are employed, unemployed or not in the labor force. Explain. a) An Air-Force officer stationed in Colorado Springs, CO b) A consultant who works out of her home for a medical group c) A full-time student who does not work d) A new college graduate looking for work e) A stay-at-home dad f) A waiter in Detroit who is laid off as a result of the recession g) A retired grandfather 2. Calculation of...

For each of the following, indicate if the person would be classified officially as employed, unemployed...

For each of the following, indicate if the person would be classified officially as employed, unemployed (STRUCTURAL/FRICTIONAL/CYCLICAL), or not in the labor force: GIVE AN EXPLANATION IN EACH CASE IN FEW WORDS ONLY. (i) A worker quits his job at the Post office to find more interesting work. (ii) Collin has lost his job with a telemarketing company, which has moved its operation to India and he is now looking for a new job. (iii) Frank recently lost his job...

For each of the following, indicate if the person would be classified officially as employed, unemployed...

For each of the questions below, a histogram is described. Indicate in each case whether, in...

For each of the questions below, a histogram is described. Indicate in each case whether, in view of the Central Limit Theorem, you can be confident that the histogram would look like approximately a bell-shaped (normal) curve, and give a brief explanation why (one sentence is probably sufficient). There are no data for these questions, so you will not need to use the computer to answer these questions. A police department records the number of 911 calls made each day...

For each of the questions below, a histogram is described. Indicate in each case whether, in...

For each of the questions below, a histogram is described. Indicate in each case whether, in view of the Central Limit Theorem, you can be confident that the histogram would look like approximately a bell-shaped (normal) curve, and give a brief explanation why (one sentence is probably sufficient). 1. The price of one gallon of gasoline at a particular gas station is recorded every day of the year, and the 365 values are plotted in a histogram. 2. Two hundred...

Indicate whether the following statements apply to B cells, T cells, both, or neither 1. Can...

Indicate whether the following statements apply to B cells, T cells, both, or neither 1. Can produce memory cells 2. require contact with antigen presenting cells to be activated 3. are found in lymph nodes and spleen 4. produce and secrete antibodies 5. contribute to cell mediated immunity 6. can respond to cytokines

1. For the following statement, indicate whether what is described would result in an increase or...

1. For the following statement, indicate whether what is described would result in an increase or decrease in genetic diversity within population. a. Inbreeding due to a small population that is geographically isolated b. A 10,000 person population growing from the movement of 5,000 people into the population coming from another geographically isolated location. c. A catastrophic tsunami that drastically reduces the size of population. d. A small group of individuals from one population moving to a geographically distant site...

1. Indicate whether the following individuals are "Required" (based on income) or "Not required" to file...

1. Indicate whether the following individuals are "Required" (based on income) or "Not required" to file a tax return for 2020. Click here to access the standard deduction tables to use. Required / Not Required a. Patricia, age 19, is a self-employed single individual with gross income of $5,200 from an unincorporated business. Business expenses amounted to $4,900. Not required b. Mike is single and is 67 years old. His gross income from wages was $12,750. Not required c. Ronald...

Discuss the impact of unemployment on a society and the individuals that are unemployed. Include in...

Discuss the impact of unemployment on a society and the individuals that are unemployed. Include in your discussion descriptions of the various types of unemployment. Finally, provide your solutions to lower unemployment.

For each of the following situations, indicate whether the organization should recognize the described contributed services...

For each of the following situations, indicate whether the organization should recognize the described contributed services as revenue (offset by a corresponding expense). Briefly justify your response or identify key issues. 1. Nellie Wilson, the noted country-and-western singer, performs a benefit concert for the Save Our Farms Association, a political advocacy group. Wilson, who would normally charge $60,000 per concert, did not accept a fee. 2. Camp Chi-Wan-Da, a summer camp for disadvantaged youth, benefits from the services of four...

Subjects