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exis [7]
3 years ago
10

Carl has worked on a factory line for years. Recently, his job on the line has been increasingly replaced by robotics in his ind

ustry. As a result, Carl is laid off. Carl is struggling to find a job in his particular field because the majority of positions have been eliminated due to robotics technology. What type of unemployment is Carl experiencing
Business
1 answer:
Zarrin [17]3 years ago
8 0

Answer:

structural unemployment

Explanation:

Unemployment is a situation where people who are ready and willing to work can not find one.

<u><em>Structural Unemployment</em></u>

<em>Structural Unemployment: </em><em> One of the reasons for unemployment is when the production process is automated. In this instance, works and tasks that were formerly done by humans and now been taken over by machines</em>

<em>For example, the work formerly done by Carl has now been taken over by robotics. Usually , this will lead to mismatch of skills because the skills possessed by Carls are no longer needed by his employer.</em>

Therefore, Carl is experiencing structural unemployment

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An economy has 100 people divided among the following groups: 25 have full-time jobs, 20 part-time jobs, 5 has two part-time job
Svet_ta [14]

Answer:

a. Labour Force = 70 people

Labour Force Participation Rate = 87.5%

b. Unemployed = 60 people

Unemployed Rate = 85.7 %

c. Total Employment

By Household Survey = 60 people

By Establishment Survey = 65 people

Explanation:

Given

Total number of People = 100

Full time = 25

Part time = 20

2 part time jobs = 5

Looking for job = 10

Not looking for job = 10

Business owners = 10

Retired = 10

Children = 10

a.

Labour Force = Total people in the economy - (Retired + Children + Not looking for job)

Labour Force = 100 - (10 + 10 + 10)

Labour Force = 100 - 30

Labour Force = 70 People

Labour Force Participation Rate is calculated by dividing the number of people actively participating in the labor force by the total number of people eligible to participate in the labor force

Number of active participant = Labour Force = 70

Number of eligible participants = 70 + 10 (discourage workers not looking for job)

Number of eligible participants = 80

Labour Force Participation Rate = 70/80

Labour Force Participation Rate = 0.875

Labour Force Participation Rate = 87.5%

b.

Unemployed People = Labour Force - 10 (people looking for job)

Unemployed People = 70 - 10

Unemployed People = 60 people

Unemployed Rate = Unemployed People/ Labour Force

Unemployed Rate = 60/70

Unemployed Rate = 0.857

Unemployed Rate = 85.7%

c.

Total Employment

I. Using Household Survey

Here, the number of people with source of income is counted

Total = Full-time +. Part time + 2 part time jobs + business owners

Total = 25 + 20 + 5 + 10

Total = 60 people

Ii. Using Establishment Survey

Here the number of jobs is counted. So, those with 2 part time job owners are counted as 5 * 2 jobs = 10

Total = Full-time +. Part time + 2 part time jobs + business owners

Total = 25 + 20 + 10 + 10

Total = 65 People

4 0
2 years ago
Suppose you invest $2500 each year in a savings account that earns 12% per year. How much will be in the account in 10 years?
iVinArrow [24]

Answer:

Final Value= $43,871.84

Explanation:

Giving the following information:

Suppose you invest $2500 each year in a savings account that earns 12% per year.

Number of years= 10

To calculate the final value we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit= 2,500

i= 0.12

n=10

FV= {2,500*[(1.12^10)-1]}/0.12= $43,871.84

4 0
3 years ago
When using horizontal differentiation, a firm divides itself into subunits based on function, type of business, or.
Vitek1552 [10]

When using horizontal differentiation, a firm divides itself into sub units based on function, type of business, or Geographic area

Horizontal Differentiation :

Horizontal differentiation refers to distinctions in products that cannot be easily evaluated in terms of quality. This stands in contrast to vertical differentiation, where the distinctions between products are objectively measurable and are based in the products' respective level of quality. Horizontally differentiated products vary only marginally, as it's more efficient for producers to try to capture as many new consumers as possible with minimal additional costs. While horizontally differentiated products tend to command similar prices at equilibrium, the lack of relationship to quality does not necessarily imply that they cost the same -- two products may be virtually identical in all considerations except for color or flavor and still be offered at totally different prices.

What is meant by geographical area?

Geographical Area means an area covering all or part of the territory of a Member State or extending to all or part of the territory of other Member States.

An area of land that can be considered as a unit for the purposes of some geographical classification.

Learn more about Horizontal differentiation :

brainly.com/question/24246700

#SPJ4

5 0
1 year ago
What is the most important thing about meeting new contacts
Dahasolnce [82]
I think A. Because I think it is very important to meet new people and getting to know them.
8 0
3 years ago
Read 2 more answers
A company's current sales are $300,000 and fixed expenses total $225,000. The contribution margin ratio is 30%. The company has
jeka57 [31]

Answer:

$6,000

Explanation:

The net operating income will increase by $6,000;

$70,000*30%-$15,000=$6,000

As the CM ratio is 30% and $15,000 are fixed expenses,net result will be increase in net operating income.

7 0
3 years ago
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