An individual with good job prospects who is between jobs is best considered as
A) structurally unemployed.
B) cyclically unemployed.
C) not in the labor force.
D) frictionally unemployed.
D
You might also like to view...
A good measure of productivity is
A) the interest rate. B) the inflation rate. C) aggregate output divided by employment. D) the growth rate of aggregate output.
The fallacy of composition is:
a. the erroneous view that an economic activity can sometimes exceed the sum of its components b. the erroneous view that what is true for the individual will also be true for the group. c. the view that the aggregation of economic activity will necessarily lead to an outcome that is different than the outcome generated by each individual in the group. d. the idea that association need not imply causation.
Identify the correct statement about a corrective tax. a. Equilibrium occurs at a lower market price after the tax is imposed
b. The social cost curve lies below the private cost curve in the absence of the tax. c. A market becomes allocatively efficient after the tax is imposed. d. The socially optimal level of output is more than the market equilibrium output in the absence of the tax.
The increase in stock prices in 2009 and 2010 was
A. the result of an elaborate conspiracy by greedy manipulators to ruin the Big Three automakers. B. a consequence of the rebound of those years. C. largely due to the sharply increased uncertainty regarding the strategically-critical financial sector. D. totally irrational and unjustified by any fundamental determinants of stock values.