Labour Economics

Question 1

Answer each of the following questions in full sentences. Use a graph if it helps with your explanation.

Define and explain Frictional, Structural and Cyclical unemployment.

Explain the difference between a Normative and a Positive statement. Why is this important?

Explain the basic Consumption – Leisure choice model.

Explain the importance of the slope and the curvature of the isoquant on a graph measuring pairs of capital and labour.

Show and explain the difference in the wage – dirt curve when there are identical workers and identical firms.

Question 2

The sharing economy is largely split between capitalist (Airbnb) and gift (Khan academy) organizations. Which model has the greatest potential to grow as the standard platform?

Question 3

1. Watch the “Free or Equal” video (Free to Choose TV) in its entirety (questions from the video may appear on the final exam): (Links to an external site.)Links to an external site. 2. Write and submit online through Canvas a three paragraph response and/or critique of the video, focusing in particular on the economic concepts and arguments presented in the video.

Do you need help with this assignment or any other? We got you! Place your order and leave the rest to our experts.

Quality Guaranteed

Any Deadline

No Plagiarism