Which of the Following Will Result If a Nation's Labour

question 128

Multiple Choice

Which of the following will result if a nation's labour force receives a significant influx of young workers?

• A)Frictional unemployment will likely decrease to zero.
• B)The natural rate of unemployment is likely to increase.
• C)The natural rate of unemployment is likely to decrease.
• D)The natural rate of unemployment is unlikely to change.

Distinguish between the different types of trade restrictions and their purposes.

Explain the motivations behind establishing free trade agreements and their economic implications.

Understand the role and objectives of international trade institutions and agreements in facilitating global trade.

Analyze the concept of regional trading blocs and their impact on global trade patterns.

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Definitions:

Automatic Stabilizers

Economic policies and programs, like unemployment benefits and progressive taxation, that automatically help stabilize economic fluctuations without direct governmental intervention.

Economic Recovery

A period of increasing business activity signaling the end of a recession, marked by a rise in GDP, employment, and consumer spending.

Transfer Payments

These are payments made by the government to individuals or other entities without expecting any goods or services in return, such as social security benefits or unemployment compensation.

Federal Income Tax

A tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.