Some of the promising approaches to reducing the natural rate of unemployment have to do with education, training, and job placement. What implementation problems do you anticipate?
What will be an ideal response?
Training and placement programs sometimes look better on paper than they look in practice. In some cases, people are trained for jobs that do not exist by the time they finish their training if, indeed, the jobs ever existed.The high cost of these programs restricts the number of workers who can be accommodated, even in successful programs. For this reason, publicly supported job training is done on a very small scale in the United States—much less than in most European countries. Small expenditures can hardly be expected to make a large dent in the natural rate of unemployment.
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The marginal social cost of production is:
A. the sum of the total cost to the producer and the total external cost. B. the sum of the marginal cost to the producer and the total external cost. C. the sum of the total cost to the producer and the marginal external cost. D. the sum of the marginal cost to the producer and the marginal external cost.
Cyclical deficit (surplus)
What will be an ideal response?
Which of the following was NOT a result of the BRAC anti-poverty program in Bangladesh?
a. Improved mental health b. Higher income levels a year after the program ended c. Improved female empowerment d. Large increases in income of over 10 percent
The smaller the required reserve ratio, the larger the simple deposit multiplier
Indicate whether the statement is true or false