Suppose that the number of jobs for engineers expands by 10 percent per year, the number of new engineers by 5 percent per year while the number of automobile mechanics grows by 8 percent and the number of new automobile mechanics jobs grows by 3
percent. We conclude that A) frictional unemployment will increase.
B) frictional unemployment will decrease.
C) structural unemployment will increase.
D) structural unemployment will increase 4 times.
C
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All of the following are required to make a tying arrangement vulnerable to antitrust prosecution except which one?
A) There must be at least two products involved. B) There must be proof of an actual tie between two products. C) There cannot be proof of an actual tie between two products. D) The seller must have substantial market power in the market for the tying product.
Using the fact that the standardized variable Z is a linear transformation of the normally distributed random variable Y, derive the expected value and variance of Z
What will be an ideal response?
Suppose in the beginning of 2013, a country has a national debt of $8,000 billion. Its GDP in 2013 is $32,000 billion and its budget deficit of $1,600 billion. Compute its debt-GDP ratio at the end of the year.
A) about 5. 0% B) about 20,0% C) about 25.0% D) about 30%
Target has 12-packs of Pepsi on sale and changes the price tag on the shelf from $6.00 to $2.99. This is an example of money serving as a(n)
A. investment good. B. store of value. C. unit of account. D. medium of exchange.