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He warned that any attempt to give agricultural activities a secondary attention in the economy of any nation would sooner or later create an unemployment situation. A surplus occurs when producers want to sell more than buyers want to purchase at the prevailing price. Besides, fair wages has been introduced into a model with increasing returns to scale and trade liberalization of trade that would increase the unemployment rate (Egger and Kreickemeier, 2009). Because of these differences, an unemployed worker may search for several weeks before finding a suitable job.

Pages: 244

Publisher: Texas a & M Univ Pr; First Edition edition (January 1988)

ISBN: 0890963622

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