Which of the following is the closest example of structural unemployment?

a. An accountant quitting her job to become an investment banker
b. An auto worker being fired for poor job performance
c. Workers in a firm manufacturing films for roll film cameras losing jobs due to the popularity of digital cameras
d. A consultant being laid off because poor economic conditions have depressed the market for consultants
e. A college graduate seeking his/her first job in the IT industry


c

Economics

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Predatory dumping by foreign firms is a very common phenomenon in U.S. markets

Indicate whether the statement is true or false

Economics

The Nash equilibrium in a Bertrand game of price setting where all firms have different marginal cost is:

a. efficient because all mutually beneficial transactions will occur. b. efficient because of the free entry assumption. c. inefficient because some mutually beneficial transactions will be foregone. d. inefficient because of the uncertainties inherent in the game.

Economics

The three problems of resource allocation are faced by

a. traditional societies b. command systems c. centrally planned economies d. market economies e. all types of societies

Economics

For a firm operating in a perfectly competitive industry, total revenue, marginal revenue, and average revenue are all equal

a. True b. False Indicate whether the statement is true or false

Economics