Ask Question
BusinessBusiness
4 November, 20:17

Suppose that the Bureau of Labor Statistics predicts that the number of jobs for dental hygienists will grow faster than most occupations while the number of jobs for bookbinders will decline. This change in the labor market could lead to:

structural unemployment created by sectoral shifts.

structural unemployment created by efficiency wages.

frictional unemployment created by efficiency wages.

frictional unemployment created by sectoral shifts.

+3
Answers (1)
  1. 4 November, 21:18
    0
    frictional unemployment created by sectoral shifts.

    Explanation:

    This unemployment is generated because the information between vacancies for the labor force is imperfect. People study and prepare to be dental hygienists or bookbinders without information for the total amount of vacancies that will occur. This frictional unemployment will decrease once the labor force adjust for the demand changes in the jobs. Because the shortage, the salaries for dental hygienists will increase and more people will start studies for dental hygienists. The opposite will occur with the bookbinders job, the decrease in the demand will lower the wages and less people will dive into.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that the Bureau of Labor Statistics predicts that the number of jobs for dental hygienists will grow faster than most occupations ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
under what circumstance might you receive a text refund from the IRS?
Answers (1)
a. You wish to have $1,500,000 by the age of 60 (30 years from now). If you can earn 8% interest on your investments, how much do you need to save per month, in order to achieve your goal? b.
Answers (1)
In a process cost system, costs are assigned only to a. work in process, finished goods, and cost of goods sold. b. one work in process account. c. work in process and finished goods inventory. d. work in process accounts.
Answers (1)
In the Month of March, Digby received orders of 170 units at a price of $15.00 for their product Dart, and in April receives an order for 43 units of their product Dart at $15.00.
Answers (1)
The accountants at Gamone Phones, a cell phone manufacturing company, discover that the firm has performed poorly over the last two quarters, leading to negative financial implications.
Answers (1)
New Questions in Business
Valley Spa purchased $8,000 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 12% promissory note for $8,000.
Answers (1)
A stock has an expected return of 10.45 percent, its beta is. 93, and the risk-free rate is 3.6 percent. What must the expected return on the market be?
Answers (1)
For Blossom Inc., variable manufacturing overhead costs are expected to be $21,050 in the first quarter of 2020, with $4,220 increments in each of the remaining three quarters. Fixed overhead costs are estimated to be $35,750 in each quarter.
Answers (1)
How much would you expect the simpsons to consume if their income was $32,000 and they paid taxes of $5,000? consumption:?
Answers (1)
How to make a promotional mix for a company
Answers (1)
Home » Business » Suppose that the Bureau of Labor Statistics predicts that the number of jobs for dental hygienists will grow faster than most occupations while the number of jobs for bookbinders will decline.
Sign Up Forgot Password?