econ-hw-help

A. Eastern Asian countries achieved low unemployment rates despite having high unemployment benefit.
B. In considering Nordic countries, it can be concluded that high unemployment benefit leads to a high unemployment rate.
C. The graph confirms the prediction of the labour market model that higher unemployment benefit would raise the wage curve, leading to higher unemployment.
D. Countries that offer generous unemployment insurance schemes can still achieve low rates of unemployment.

question 1

There is no clear evidence of technological progress in the US GDP per worker.

B. Taiwan is more capital intensive than the UK in 1990.

C. The average product of capital has been higher in Japan than in the UK over the years shown.

D. Switzerland has been the most successful country in attaining high GDP per worker by use of its capital.

question 2

A. Technological progress always leads to a fall in the unemployment rate.

B. The wage curve shifts up if the government cuts the unemployment benefit as a result of the rise in the employment level.

C. The wage curve shifts up when the trade union bargains for a fair share of the workersâ€™ output after the technological progress.

D. All current employees benefit from the technological progress when the long-run equilibrium moves from A to C.

question3

Eastern Asian countries achieved low unemployment rates despite having high unemployment benefit.

In considering Nordic countries, it can be concluded that high unemployment benefit leads to a high unemployment rate.

The graph confirms the prediction of the labour market model that higher unemployment benefit would raise the wage curve, leading to higher unemployment.

Countries that offer generous unemployment insurance schemes can still achieve low rates of unemployment.

question 5 A. the same; higher
B. the same; the same
C. higher; higher
D. lower; the same

question 7

A. more
B. the same
C. fewer
D. no

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