John was president of a large country almost 20 years ago. He is still looking for a similar position. John is _____ unemployed.
A. seasonally
B. frictionally
C. cyclically
D. structurally
D. structurally
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Refer to the scenario above. What is the present value of Option C?
A) $2,763.64 B) $3,662.44 C) $4,516.80 D) $5,800.79
The above figure illustrates the marginal social benefit and marginal social cost for chicken sandwiches. If the quantity is decreased from 6 to 3 and the price increases from $3 to $4, consumer surplus will decrease by
A) $1.50. B) $2.00. C) $3.00. D) $4.50.
GDP excludes the purchases of sliced bread by a sandwich shop, because the bread is an intermediate good in this case
a. True b. False Indicate whether the statement is true or false
The more the current price exceeds the equilibrium price, the:
A. smaller the resulting shortage will be. B. smaller the resulting surplus will be. C. greater the resulting surplus will be. D. greater the resulting shortage will be.