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2 years ago

Frictional unemployment occurs because in a world of imperfect information, it takes ________ for people to find jobs.

1 answer:

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Because it takes time for people to find work in a society with poor information, frictional unemployment happens.

The unemployment that results from regular labor turnover, such as persons joining and leaving the labor force, as well as the continuous creation and destruction of jobs, is known as frictional unemployment. It comprises employees who are either looking for employment or holding out for a job soon.

Frictional unemployment has the following examples: employees looking for new jobs after quitting their existing ones, employees want to shift careers. Those looking for their first job after graduating from college or those starting their first career in the workforce.

To learn more about frictional unemployment

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The economic analysis of minimum wage involves both normative and positive analysis. Consider the following consequences of a mi

ICE Princess25 [194]

Explanation:

First, remember that the difference between normative and positive economic analysis is that;

Normative analysis take a somewhat neutral view by stating how the world should be. While

The Positive analysis states the facts. That is, it describes the world as it is.

Thus, a Normative analysis of the consequence of minimum wage would be the following statements:

c. In some cities such as San Francisco and New York, it would be impossible for low−skilled workers to live comfortably in the city without minimum wage laws.

d. The gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses.

And a Positive analysis of the consequence of minimum wage would be the following statements:

a. The minimum wage law causes unemployment.

b. A minimum wage law benefits some groups and hurts others.

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3 years ago

Which explains a way banks channel money from savers to borrowers? (study island)

Andrew [12]

Banks lend money from saving accounts to people who need loans

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3 years ago

Old Town Industries has three divisions. Division X has been in existence the longest and has the most stable sales. Division Y

blagie [28]

Answer:

Explanation:

Based on the scenario being described within the question it can be said that when allocating funds, the firm should probably assign the highest cost of capital to division Z because it is most likely the riskiest of the three divisions. This is because Division Z focuses on research and development which means that they might not actually discover or create something that can bring value to the company and is therefore highly risky.

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3 years ago

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4. Analyze. What is wrong with this statement:

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3 years ago

Most economists would probably argue that the best interests of international business are served by.

Romashka-Z-Leto [24]

Indeed, most economists would argue that the best interests of international businesses are served by a free-trade stance.

<h3>What is a free-trade stance?</h3>

A free-trade stance is a government policy that does not restrict imports and exports because there are no import tariffs or export subsidies.

A free-trade stance is also known as laissez-faire policy because under a free-trade policy, goods and services are exchanged across international borders with little or no government interventions in the forms of tariffs, quotas, subsidies, or prohibitions.

Trade protectionism, which creates economic isolationism, is the direct opposite of the concept of free trade.

Thus, indeed, most economists would argue that the best interests of international businesses are served by a free-trade stance.

Learn more about the free-trade stance at brainly.com/question/10608502

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2 years ago