Growth Rates of the (1) Labour Force, (2) Average Number

question 76

Multiple Choice

Growth rates of the (1) labour force, (2) average number of hours worked and (3) labour productivity are the main determinants of a foreign country's

• A) Dividend payout ratio.
• B) Beta.
• C) Real risk free rate.
• D) Nominal risk free rate.
• E) Risk premium.

Recognize the role of government and private sector in job search processes in the U.S. economy.

Differentiate between frictional and structural unemployment and identify their causes.

Explain the purpose and effects of unemployment insurance on job search and unemployment levels.

Understand sectoral shifts and their impact on structural unemployment.

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Definitions:

Constrict

To constrict means to narrow or become tighter, often referring to the reduction in diameter of blood vessels or other tubular structures in the body.

Splanchnic Nerve

Nerves that innervate the viscera, transmitting information to and from the visceral organs to the central nervous system.

Sympathetic Chain

A part of the autonomic nervous system consisting of a series of ganglia that run alongside the spinal column and influence internal organs by releasing neurotransmitters.

Collateral Ganglia

Sympathetic ganglia at the origin of large abdominal arteries; include the celiac, superior, and inferior mesenteric arteries; also called prevertebral ganglia.