The unemployment that fluctuates over the business cycle is called
A) frictional unemployment.
B) structural unemployment.
C) full unemployment.
D) cyclical unemployment.
E) natural unemployment.
D
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A country has 6,000 total efficiency units of labor. If the average efficiency of each worker in the economy doubles, the country will have ________ efficiency units of labor, everything else remaining unchanged
A) 48,500 B) 36,000 C) 300 D) 12,000
Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differential in excess of transaction costs are called
A) differential actions. B) cash transactions. C) arbitrage. D) forward transactions.
The analysis of oligopolistic behavior is difficult because
A. there are few real-world examples of oligopolies for economists to study. B. oligopolists make decisions independently of each other. C. firms in oligopolistic industries react to each other’s behavior in many ways. D. economists have paid little attention to the topic in recent years and so have not yet applied to it the techniques of modern economic theory.
Refer to the table shown. In trillions of dollarsConsumption4.2Investment1.3Government Purchases1.5Depreciation0.4GDP6.6What are the economy's net exports?
A. $0.8 trillion B. There is not sufficient information to compute net exports. C. -$0.4 trillion D. $0.4 trillion