Example of Impact of High Unemployment on National Welfare
Not what you're looking for?
Does a high rate of unemployment hurt anyone other than those individuals unemployment? Explain.
Purchase this Solution
Solution Summary
Discusses the effects of unemployment on different individuals.
Solution Preview
In purely economic terms yes it does hurt other than those who are unemployed. The biggest reason is that a high unemployment rate reduces your available resources and thus reduces the amount that a nation can produce.
A simple example will explain this: Suppose there are two countries that both produce a single good, say apples, using just ...
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
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.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.