Susan Greenberg, who works in a typewriter factory, becomes unemployed because people start buying personal computers instead of typewriters. Susan can best be described as:
a. frictionally unemployed.
b. structurally unemployed.
c. cyclically unemployed.
d. not part of the labor force.
e. a discouraged worker.
b
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The specific oligopolistic model used in a market
A) depends on the pricing structure of the good or service sold. B) depends on the characteristics of the market, such as time horizon for competition. C) is usually a Cournot model, unless cartels are illegal. D) All of the above.
Suppose a U.S. computer company outsources its technical-support services to India. This will cause
A) the demand for labor in the United States to fall, lowering U.S. wage rates, and the demand for labor in India to increase, increasing Indian wage rates. B) the demand for labor in the United States to increase, lowering U.S. wage rates, and the demand for labor in India to fall, increasing Indian wage rates. C) the demand for labor in the United States to fall, lowering U.S. wage rates, and the demand for labor in India to fall, decreasing Indian wage rates. D) the demand for labor in the United States to increase, increasing U.S. wage rates, and the demand for labor in India to fall, decreasing Indian wage rates.
According to liquidity preference theory, if the price level
a. fell, the interest rate would rise, and induce investment spending to rise. b. fell, the interest rate would fall, and induce investment spending to fall. c. rose, the interest rate would rise, and induce investment spending to fall. d. rose, the interest rate would fall, and induce investment spending to rise.
An increase in the U.S. trade deficit could be caused by
A. The imposition of a tariff on imported goods. B. An appreciation of the dollar. C. An increase in the rate of inflation in other countries. D. A depreciation of the dollar.