HL Economics

13 Unemployment

p.299 1 a) Distinguish between structural unemployment, frictional unemployment and seasonal unemployment. Unemployment, the situation in which someone of a working age is actively seeking for a job yet unable to be hired, is present in various countries but all weighting differently, depending on that countries economic status. The four main types of unemployment includes frictional, … Continue reading

HL Economics

Freeconomics

The big giveaway Stuart Jefferies International flights that don’t cost a thing? Books or music you don’t have to pay for? Even companies handing out cars? Traditional business is based on the certainty that everything has a price. But now US writer Chris Anderson believes we are at the dawn of a new consumerist era, … Continue reading

HL Economics

Japan rice stockpiles to reach the highest in eight years in 2011

Question 1: Using diagrams, as appropriate, describe the methods used by the Japanese government to protect Japanese rice farmers. The Japanese government used methods such as providing subsidies and sustaining the 778% tariff on the imports of rice, to protect Japanese rice farmers. With the government supplying subsidy payments, it will support the incomes of … Continue reading