Which of the following statements about job destruction in the United States is not true? Multiple Choice Substantial job destruction occurs in a healthy economy. Job destruction occurs for all education levels. The quit rate almost always exceeds the firing rate. All job destruction is bad. Workers and firms can benefit from job destruction.
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Which is true regarding unemployment? a. There is always frictional unemployment because there are always new workers entering the job market. b. A well-functioning modern economy will have an unemployment rate equal to 0%. c. Even small amounts of frictional unemployment are harmful to an economy. d. Even small amounts of structural unemployment are harmful to an economy
Donna D.
13. Which one of the following statements is INCORRECT regarding the labour market? Select one: A. Cyclical unemployment indicates an active labour market, is short term and is a natural part of the job search process. B. The labour force is the sum of those either working or looking for work, while the participation rate is defined as the ratio of the labour force to the working-age population. C. Structural unemployment is more long-term unemployment, and it is slow to fix as it is linked to the changing structure of the economy that requires either migration or re-training of the workers. D. Frictional unemployment always exists due to normal labour market turnover, where workers change jobs and are considered voluntary unemployment.
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Common fallacies Why are these statements wrong? (a) Unemployment is always a bad thing. (b) So long as there is unemployment, there is pressure on wages to fall. (c) Unemployment arises only because greedy workers are pricing themselves out of a job.
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