Cyclical unemployment results from:
a. a mismatch of skills
b. being in the wrong geographical location.
c. monetary cost and the time it takes to find the best job.
d. seasonal decreases in demand for labor.
e. prolonged declines in business activity.
e
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Indicate whether the statement is true or false
Which statement about the U.S. poverty line is true?
a. The poverty line is adjusted for the value of food aid. b. The poverty line is based on cash income. c. The poverty line varies from state to state. d. The poverty line fluctuates with Medicaid claims.
The model: G(z) = [exp(z)]/[1 + exp(z)], where G is between zero and one for all real numbers ‘z', represents a:
A. logit model. B. probit model. C. Tobit model. D. linear probability model.
Which of the following cost functions exhibits economies of scope when three (3) units of good one and two (2) units of good two are produced?
A. C = 5 + Q1Q2 + Q12Q22. B. C = 50 ? 5Q1Q2 + 0.5Q12 + Q22. C. C = 15 + 5Q1Q2 + 2Q1 + 4Q2. D. C = 10 + 4Q1Q2 + Q12 + Q22.