Chapter 32: Q. 18. (page 782)
In low-income countries, does it make sense to argue that most of the people without long-term jobs are unemployed?
Short Answer
Low income countries, people without long term jobs are unemployed.
Learning Materials
EXAM TYPES
Features
Discover
Chapter 32: Q. 18. (page 782)
In low-income countries, does it make sense to argue that most of the people without long-term jobs are unemployed?
Low income countries, people without long term jobs are unemployed.
Unemployment refers to the situation where people who are able and willing to work are looking for jobs but are not able to find one.
Any individual without long-term jobs in low-income countries is considered unemployed because a substantial number of people are mainly dependent on their own needs by doing primary activities like farming, fishing, or hunting in low-income countries. Short-term or one-day jobs are taken by people, sometimes being paid with food or shelter or with money. They also barter and trade with other people.
In low-income countries, most people work on a temporary basis and not in well-paid jobs. Thus, it can be concluded that people in low-income countries don't have any permanent jobs, so people are unemployed without long-term jobs.
Unlock Step-by-Step Solutions & Ace Your Exams!
Get detailed explanations and key concepts
Al flashcards, explanations, exams and more...
To over 500 millions flashcards
We refund you if you fail your exam.
Over 30 million students worldwide already upgrade their learning with Vaia!
All the tools & learning materials you need for study success - in one app.
Get started for freeUse the AD/AS model to show how increases in government spending can lead to more inflation.
Is inflation likely to be a problem for at least some low- and middle-income economies in the near future?
Use the demand-and-supply of foreign currency graph to determine what would happen to a small, open economy that experienced capital outflows.
What are the different policy tools for dealing with cyclical unemployment?
Explain how the natural rate of unemployment may be higher in low-income countries.
What do you think about this solution?
We value your feedback to improve our textbook solutions.