Chelsea was a manager at a vinyl records store who recently quit because she felt the recent popularity of vinyl is a current fad that will eventually fade away. She is now actively looking for a job in the hospitality industry. Chelsea is considered:
A) Frictionally Unemployed
B) Cyclically Unemployed
C) Structurally Unemployed
D) Not in the labor force
Ans: A) Frictionally Unemployed
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If the U.S. government imposed a tariff on imported steel, it would be expected that
A. the quantity of steel used in the United States would decrease. B. the quantity of steel imported would be reduced. C. the price of steel would rise. D. All of the choices are true.
The United States has the largest percentage of foreigners in its overall population of any nation
Indicate whether the statement is true or false
In the United States in 2016, of those companies employing more than 200 workers that offer health care to those workers, ________ of employees accept the coverage
A) about 10 percent B) roughly 36 percent C) fewer than two-thirds D) almost 98 percent
A firm in a market economy must do all of the following to succeed except
A) produce the goods and services that consumers want at a lower cost than consumers themselves can produce. B) organize the factors of production into a functioning, efficient unit. C) have access to sufficient funds. D) be organized as a corporation.