Question

In: Economics

Armando has been laid off by Red Robin Restaurant due to falling demand during the COVID19...

Armando has been laid off by Red Robin Restaurant due to falling demand during the COVID19 pandemic.

Group of answer choices

structural

not in labor force

seasonal

cyclical

frictional

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Question 80.8 pts

Linda is taking voluntary retirement from teaching and is looking for part-time work.

Group of answer choices

seasonal

cyclical

structural

frictional

not in labor force

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Question 90.8 pts

Soo Li, a homemaker of 20 years, is out looking for her first paid job.

Group of answer choices

frictional

cyclical

not in labor force

seasonal

structural

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Question 100.7 pts

Sarah has quit her job to stay home and raise her first child.

Group of answer choices

not in labor force

structural

seasonal

frictional

cyclical

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Question 110.7 pts

Isabel was laid off from her job at Apple Computer and the only work she could find was in fast food restaurants. She is not now looking for work.

Group of answer choices

structural

seasonal

frictional

cyclical

not in labor force

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Question 120.7 pts

The six year-old California drought reduced the demand for fruit processors and ski instructors.

Group of answer choices

not in labor force

cyclical

seasonal

structural

frictional

Solutions

Expert Solution

Structural unemployed: A person is said to be structural unemployed when there is mismatch between the skills possess by worker and skill required in labor market.

Frictional unemployed: A person is said to be frictionaly unemployed for a time, he/she required to change the job or find the new job, find the first job.

Cyclical unemployed: A person is said to be cyclical unemployed if worker losses job due to recession in an economy.

Seasonal unemployed: A person is said to be seasonal unemployed if he/.she does not have job at particular period of time in a year

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(1) Armando has been laid off by Red Robin Restaurant due to falling demand during the COVID19 pandemic is cyclical unemployed.

Answer; option (D)

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(2) Linda is taking voluntary retirement from teaching and is looking for part-time work. Hence, Linda is considered as frictional unemployed.

Answer: Option (C)

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(3) Soo Li, a homemaker of 20 years, is out looking for her first paid job.. Hence, Soo Li is considered as frictional unemployed

Answer: Option (A)

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(4) Sarah has quit her job to stay home and raise her first child. Hence, Sarah is not in labor force.

A person is not considered as unemployed if he/she does not have job and even not lookig for a job. This type of person is not the part of labor force.

Answer: Option (A)

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(5) Isabel was laid off from her job at Apple Computer and the only work she could find was in fast food restaurants. She is not now looking for work. Hence, Isabel is not in labor force.

A person is not considered as unemployed if he/she does not have job and even not lookig for a job. This type of person is not the part of labor force.

Answer: Option (E)

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(6) The six year-old California drought reduced the demand for fruit processors and ski instructors. This will create cyclical unemployment.

Answer: Option (B)


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