A textile firm closes a plant in Massachusetts and transfers production to a plant in South Carolina, where the firm can take advantage of cheaper labor. The plant supervisor at the Massachusetts plant is given the opportunity to move to South Carolina to become the plant supervisor at that plant. He turns down this opportunity because of family obligations. While he is searching for a new job he would be classified as
A. frictionally unemployed.
B. structurally unemployed.
C. cyclically unemployed.
D. not in the labor force because he turned down the opportunity to relocate.
Answer: B
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Advances in technology and growth in human capital ________ because ________
A) shift the productivity curve downward; labor and capital become less productive B) shift the productivity curve upward; labor and capital become less productive C) shift the productivity curve upward; labor and capital become more productive D) do not shift the productivity curve; there is a movement along the productivity curve E) shift the productivity curve downward; labor and capital become more productive
Refer to Table 3-2. The table above shows the demand schedules for cashews of two individuals (Jordy and Amy) and the rest of the market. If the price of cashews rises from $4 to $6, the market quantity demanded would
A) decrease by 39 lbs. B) increase by 33 lbs. C) decrease by 33 lbs. D) increase by 39 lbs.
Under the new Constitution in 1789, the states gained the sovereign power to
(a) levy taxes. (b) power and issue money. (c) "regulate" the value of money. (d) create corporations by special franchise.
The costs and benefits of mercantilist policies on the colonies produced a ______ to the American colonies
a. small net benefit b. small net cost c. large net cost d. large net benefit