Purchase Solution

Unemployment

Not what you're looking for?

Ask Custom Question

What's wrong with the following statement? If government would just eliminate its welfare programs, unemployment compensation programs, and other transfer spending programs, the only costs of unemployment would be the personal costs borne by the unemployed themselves.

Purchase this Solution
Solution Summary

Unemployment costs are summarized.

Solution Preview

Unemployment is a social evil - it breeds poverty, violence and criminal behaviour in young people as those who are capable of doing something to make a life do not get any opportunity to channelize their energies in a ...

Purchase this Solution
Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

View More Free Quizzes
Related BrainMass Solutions

  • Structural, Cyclical & Frictional Unemployment

    The three types of unemployment addressed are structure unemployment, frictional unemployment and cyclical unemployment. The explanation is given in 216 words.

  • NATURAL RATE OF UNEMPLOYMENT

    Unemployment/GDP 2a.

  • Calculation of the Unemployment Rate

    Unemployment rate = 0.0948 x 100% Unemployment rate = 9.48% b.

  • A spike in the unemployment rate - the biggest in more than

    b) Why might the unemployment rate tend to actually underestimate the unemployment problem, especially during a recession? c) How does the unemployment rate in May compare to the estimated natural unemployment rate?

  • Important Aspects of Measuring Unemployment.

    If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment?

  • Types of Unemployment

    507169 Types of Unemployment I understand the three types of unemployment are: seasonal unemployment, frictional unemployment, and structural unemployment.

  • The Three Types of Unemployment and their Effect to the Firm

    Cyclical Unemployment Pettinger (2009) describes cyclical unemployment as "unemployment due to negative economic growth, or output being below full capacity. In a recession, cyclical unemployment will rise sharply.

  • Discussion on Local Unemployment Rates

    576906 Discussion on Local Unemployment Rates Why is unemployment high or low in your area? Why does it seem like the official 7.6 percent unemployment rate is not a true reflection of the number of people not working?

  • Concerns in Today's Ecomoy: Unemployment and the Economy

    Solution discusses the frictional unemployment, structural unemployment, cyclical unemployment and economic policies should be used to deal with these types of unemployment.

  • Unemployment research

    195892 Unemployment research Http://stats.bls.gov/ 1. First, state the most recent unemployment rate for all workers in the U.S. 2. Within the unemployment data are the recent unemployment rates for various groups in the U.S.

View More Related Solutions