Sweden and Norway are usually described as ________________ economies.
Fill in the blank(s) with the appropriate word(s).
socialist
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Rich lost his job six months ago because of budget cuts at the county landfill where he worked. He tried finding another job, but has not actively searched for work for three months. Rich would be considered by the Bureau of Labor Statistics to be
a. frictionally unemployed and would be counted in the official unemployment rate b. seasonally unemployed and would be counted in the official unemployment rate c. structurally unemployed and would be counted in the official unemployment rate d. cyclically unemployed and would be counted in the official unemployment rate e. a discouraged worker
The Phillips Curve relates
A. the unemployment rate to inflation. B. the real wage to the natural rate of unemployment. C. the unemployment rate to the real wage. D. the unemployment rate to economic growth. E. the real wage to total employment.
Segmenting markets based on the percentage of a product or service that consumers buy or use is termed
Sociodemographic Psychographic Cohort Usage
When a hair stylist charges men less than women for a haircut because men's hair take less time to cut, the hairstylist is practicing price discrimination.
Answer the following statement true (T) or false (F)