#4 (Unemployment) 1. The natural rate of unemployment definition: the long-run average or “steady state” rate of unemployment depends on the rates of job separation and job finding 2. Frictional unemployment due to the time it takes to match workers with jobs may be increased by unemployment insurance 3. Structural unemployment results from wage rigidity: the real wage remains above the equilibrium level caused by: minimum wage‚ unions‚ efficiency wages 4. Duration of unemployment most
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population in urban areas and the proportion will increase rapidly in future years. Climate change is a mean state of the climate or in its variability‚ continue for a long period. Because of some negative factors‚ many areas are suffering detrimental effects. The essay outlines three problems caused by climate change and evaluates the effectiveness of mitigation‚ adaptation and planning strategies in addressing these issues. The essay argues that problems caused by climate change can be improved in urban
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in Nigeria “Nigeria’s oil production reached 2.1 million barrels per day in 2010.” Nigeria is currently the sixth largest crude oil producer and it is the top oil producer in Africa. Similar to Bougainville Island‚ Nigeria is being exploited by many western countries and their multinational corporations because of their rich natural resource. Oil wasn’t the first thing that was exploited in Nigeria; in 1471 Portuguese traders landed near the Niger Delta‚ the southern tip of Nigeria‚ and
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Causes of Unemployment In Malaysia‚ the unemployment rate is considered low compared to the early years such as 1986 where the unemployment rate reached as high as 7.6%. Today the unemployment rate is still affected by many factors and in order to make sure it doesn’t reach as high as before‚ we need to find out the causes of unemployment so that we can provide a solution to the cause of it. Foreign labor force with lower wage or salary Redundant workers and fresh graduates with qualifications
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Economic Effect of Minimum Wage During the Great Depression‚ many people were faced with unemployment and desperately tried to seek employment. Many employers tried to advantage of the labor market and hire for very little pay wages. In order to prevent the exploitation of cheap labor‚ the United States stepped in and passed the Fair Labor Standards Act of 1938‚ which dictated a minimum hourly rate of $.25 cents per hour. David Cooper‚ senior economic analyst and deputy director at Economic
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TAXATION AND FISCAL REGULATIONS IN NIGERIA INTRODUCTION The Nigerian Tax System has undergone significant changes in recent times. The Tax Laws are being reviewed with the aim of repelling obsolete provisions and simplifying the main ones. Under current Nigerian law‚ taxation is enforced by the 3 tiers of Government‚ i.e. Federal‚ State‚ and Local Government with each having its sphere clearly spelt out in the Taxes and Levies (approved list for Collection) Decree‚ 1998. Of importance at this juncture
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Unemployment Rhiann Chapa University Of Phoenix Houston Campus Week One UNEMPLOYMENT Unemployment has affected many Americans in the United States. Just in the United States unemployment has reached an all time high. Should I blame the government for not providing more jobs or should I blame the companies that will not supply jobs for the United States to recover? This question is asked to provide who is the one to blame. Maybe society itself is not going to recover from
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Analysis of the Economic & Environmental Effects of Fracking Introduction Fracking‚ or hydraulic fracturing‚ is the process of extracting natural gas from shale rock. Fracking allows the world to retain natural gas from depths that were deemed unreachable by conventional technology. Recent advancements in Fracking technology have propelled America to the forefront of natural gas extraction. By this method‚ the shale rock is punctured with a high pressure fluid‚ causing it to rupture and
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THE IMPACT OF NATIONAL POVERTY ERADICATION PROGRAMME (NAPEP) ON ECONOMIC DEVELOPMENT OF NIGERIA (A CASE STUDY OF BWARI MUNICIPAL AREA COUNCIL‚ FCT‚ ABUJA) AYOOLA ISAIAH OLUFEMI REG NO. 51026 A RESEARCH PROJECT SUBMITTED TO CHARTERED INSTITUTE OF ADMINISTRATION IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DIPLOMA IN BUSINESS STUDIES (DBS) JULY 2010 DECLARATION I declare that this research project work was carried out by me through extensive study and readings and that the relevant
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PHILIPPINES UNEMPLOYMENT RATE Unemployment Rate in Philippines increased to 7.50 percent in the first quarter of 2013 from 7.10 percent in the fourth quarter of 2012. Unemployment Rate in Philippines is reported by the The National Statistics Office (NSO). Philippines Unemployment Rate averaged 9.09 Percent from 1994 until 2013‚ reaching an all time high of 13.90 Percent in March of 2002 and a record low of 6.30 Percent in September of 2007. In Philippines‚ the unemployment rate measures the number
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