The measures appropriate as remedies for unemployment will clearly depend on the type and cause of the unemployment. Such measures take the form of demand side (demand management) and supply side policies aimed at increasing aggregate demand and the economy?s potential rate of output respectively.
Some of these measures include:
1. Decentralization of industries: Industries should be encouraged to establish in different regions of a country through enhanced provision of incentives such as tax relief, free room for expansion, security and improvement of the infrastructure. This helps reduce rural-urban migration and urban unemployment.
2. Use of monetary and fiscal policies: The government can use fiscal and monetary policies (to
influence activities) to create more employment opportunities by way of selective credit to those
projects that have potential capacities to absorb more labor (supporting declining industries with
public funds, cutting taxation etc)
3. Population growth control through family planning education programmes: This will then become
a long-term remedial measure to the problem of unemployment.
4. Provision of more education and training facilities including retraining schemes to keep workers
who want to acquire new skills to improve their mobility.
5. Changing the attitude towards work i.e. eliminating the white-collar mentality and creating positive attitudes towards the mainstay (economic) activities such as agriculture and other technical vocational jobs.
Wilfykil answered the question on February 6, 2019 at 12:10
- Discuss the main causes of unemployment(Solved)
Discuss the main causes of unemployment
Date posted: February 6, 2019. Answers (1)
- Define the term unemployment(Solved)
Define the term unemployment
Date posted: February 6, 2019. Answers (1)
- Explain the concept of liquidity trap(Solved)
Explain the concept of liquidity trap
Date posted: February 6, 2019. Answers (1)
- How do commercial banks "create credit?? What are the limitations to this credit creation?(Solved)
How do commercial banks "create credit‟? What are the limitations to this credit creation?
Date posted: February 6, 2019. Answers (1)
- A central bank is largely referred by economists as the bank at the apex with monetary authority.
Clearly explain the major functions of a central bank.(Solved)
A central bank is largely referred by economists as the bank at the apex with monetary authority.
Clearly explain the major functions of a central bank.
Date posted: February 6, 2019. Answers (1)
- You are given the following information about the commodity and Money markets of a closed economy
without government intervention.
The commodity market
Consumption function:
C = 50 + 2/5Y
Investment...(Solved)
You are given the following information about the commodity and Money markets of a closed economy
without government intervention.
The commodity market
Consumption function:
C = 50 + 2/5Y
Investment function:
I = 790 – 21r
The Money Market
Precautionary and Transactions demand for
money MDT = 1/6 Y
Speculative demand for money
MDS = 1200 -18r
Money supply
MS = 1250
Determine the equilibrium levels of income and interest rate for this economy
Date posted: February 6, 2019. Answers (1)
- What are the likely effects of an expansionary monetary policy in an economy?(Solved)
What are the likely effects of an expansionary monetary policy in an economy?
Date posted: February 6, 2019. Answers (1)
- Explain the various motives of holding money.(Solved)
Explain the various motives of holding money.
Date posted: February 6, 2019. Answers (1)
- Define Money and outline its major functions.(Solved)
Define Money and outline its major functions.
Date posted: February 6, 2019. Answers (1)
- Briefly explain the multiplier and accelerator principles(Solved)
Briefly explain the multiplier and accelerator principles
Date posted: February 6, 2019. Answers (1)
- The table below represents economic transactions for country XYZ in billions of shillings:
Calculate the Gross...(Solved)
Calculate the Gross National Product of this economy using the value added approach.
Date posted: February 6, 2019. Answers (1)
- Why is it important to estimate National Income of a Country? What difficulties do economists
encounter while carrying out such a task particularly in developing countries?(Solved)
Why is it important to estimate National Income of a Country? What difficulties do economists
encounter while carrying out such a task particularly in developing countries?
Date posted: February 6, 2019. Answers (1)
- Assume the following information represents the National Income Model of an "Utopian" economy.Y = C + I + GC = a + b(Y – T)T...(Solved)
Assume the following information represents the National Income Model of an „Utopian? economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
d > O; O < t < 1
T = Taxes
I = Investment
G = Government Expenditure
Find the equilibrium values of income, consumption and taxes.
Date posted: February 6, 2019. Answers (1)
- Assume the following information represents the National Income Model of an "Utopian" economy.Y = C + I + GC = a + b(Y – T)T...(Solved)
Assume the following information represents the National Income Model of an „Utopian? economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
d > O; O < t < 1
T = Taxes
I = Investment
G = Government Expenditure
Explain the economic interpretation of the parameters a,b,d and t.
Date posted: February 6, 2019. Answers (1)
- The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost...(Solved)
The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost measured in shillings, while Q = quantity measured in kilograms
What is the Marginal cost of the 12th Kilogram?
Date posted: February 6, 2019. Answers (1)
- The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost...(Solved)
The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost measured in shillings, while Q = quantity measured in kilograms.
Compute the total and average costs at output level of 10 and 11 kilograms.
Date posted: February 6, 2019. Answers (1)
- Discuss some of the economic implications of a rising trend in the rural-urban migration and offer
policy recommendations to reverse it.(Solved)
Discuss some of the economic implications of a rising trend in the rural-urban migration and offer
policy recommendations to reverse it.
Date posted: February 6, 2019. Answers (1)
- Briefly explain and illustrate quasi-rent.(Solved)
Briefly explain and illustrate quasi-rent.
Date posted: February 6, 2019. Answers (1)
- Using well labelled diagrams, illustrate cases when the total factor payments may equal to economic rent,
or transfer earnings or shared between the two.(Solved)
Using well labelled diagrams, illustrate cases when the total factor payments may equal to economic rent,
or transfer earnings or shared between the two.
Date posted: February 6, 2019. Answers (1)
- Explain what is meant by the terms transfer earnings and economic rent of a factor of production(Solved)
Explain what is meant by the terms transfer earnings and economic rent of a factor of production
Date posted: February 6, 2019. Answers (1)