Which of the following people would be considered structurally unemployed?
a. A computer operator who loses his job due to obsolete job skills
b. A landscaper who loses her job in the winter
c. A construction worker who cannot work due to rainy weather
d. A college graduate entering the labor force for the first time
e. An auto worker who is laid off due to a drop in the demand for a certain type of car
A
You might also like to view...
When colluding oligopolists meet and formally agree on mutually beneficial strategies this is called
a. implicit exclusion b. beneficial inclusion c. reciprocal inclusion d. implicit exclusionary pricing e. explicit collusion
Government regulation is
a. subject to the same problems of lack of information and lack of incentives for economic efficiency as centrally planned economies. b. the only reliable way to improve environmental quality. c. not subject to political concerns when it comes to environmental quality. d. the most economically efficient way to reduce greenhouse gases.
Table 7.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its profit from students under the student discount policy?
A. $200 B. $250 C. $325 D. $375
When marginal costs are increasing:
A. a firm is experiencing diminishing returns. B. average cost is always increasing. C. average cost is always decreasing. D. marginal costs are always greater than average costs.