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Unformatted text preview: 9-5-07 The Role of Government1.3 types of unemployment: Frictional, cyclical, structurala.Frictional: Looking for a better jobi.McDonalds to getting a MD in businessb.Business cycle goes up and downi.Building less cars, so car dealerships lay people offc.Structural: Skills that do not match the jobs availablei.Skills in appliances cant get job in a computer placeB.Role of GovernmentTaxes, agriculture, homeland security, commerce, education, energy2.Unemployment Marketsa.Free market produces uncompetitive marketb.Sellers control prices & buyers pay too much for producti.Whole foods buy Wild Oatsii.King Supers and safeway are out there so thee is enough competition and a monopoly will not be created3.Government gets involved in outcomes of free marketB1. To channel/shape markets a long1.Anti-trust activitiesa.Investigate & prosecute price collusion1.oligopoliesb.Review mergers & acquisitions1.maytag and whirlpoolc.Regulation of natural monopoliesB2. Dont like the outcomes of free market from perspective of fairness &...
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This note was uploaded on 11/01/2010 for the course BCOR 1010 taught by Professor Latier,jef during the Fall '07 term at Colorado.
- Fall '07