00:01
So, here in a question we have to given five statements and we have to classify which kind of economically related these statements.
00:11
So, let's talk about the a part.
00:14
So, this is the case of where oil speculators driving gasoline prices higher due to unrest in the middle east.
00:23
So, this is more related to market dynamics from which part it is related to market dynamics and price fluctuations and price fluctuations.
00:40
Now, let's move toward the next case.
00:44
So, this is the case which describe a situation where carol decided not to go back home and lock the door due to having a renters insurance.
00:54
So, this does not involve any kind of unemployment joblessness or labor market dynamics.
01:01
The statement does not involve to unemployment joblessness or labor market dynamics.
01:27
This is a general statement which shows about his insurance.
01:33
Now, the next statement on next case this reflect the structural unemployment how we can see here this reflect the structural unemployment as in the case john's over qualification for a part -time manager position at a fast -food restaurant.
01:56
It suggests a mismatch between her qualifications and the job requirements.
02:02
So, this position going to someone without a college degree indicates a structural issue in the labor market because it is a mismatch in their education and the job she can do.
02:13
So, this is a issue of structural issue in labor market...