Structural unemployment is
A) associated with the changing of jobs in a dynamic economy.
B) associated with general downturns in the economy.
C) associated with changes in technology that change required job skills.
D) very short-term unemployment.
C
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The Sherman Antitrust Act of 1890
a. immediately reduced the number of trusts and the incidence of anticompetitive behavior b. established the Antitrust Division of the Department of Justice c. did not apply to farmers d. was not fully enforced at first e. prohibited price discrimination
Suppose that Figure 7.4 shows an industry's market demand, its marginal revenue, and the production costs of a representative firm. If the industry was perfectly competitive, it would produce a quantity of:
A. 30 units. B. 50 units. C. 60 units. D. There is not sufficient information.
How do a partnership and a corporation differ?
A) Partnerships have unlimited liability while corporations have limited liability. B) Corporations can issue stocks and bonds, while partnerships cannot. C) Corporations face more taxes than do partnerships. D) All of these are differences between the two types of businesses.
Literacy rates in the Global South ________ the Global North.
A. have caught up to those in B. are falling even farther behind those in C. have surpassed those in D. are still significantly lower than those in