In the United States during the Vietnam War era, as military spending increased
A) unemployment dropped to very low levels.
B) frictional unemployment dropped, but cyclical unemployment increased.
C) both frictional and cyclical unemployment increased.
D) overall unemployment rates did not change.
A
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The labor force is defined as people
A) who have a job or are looking for a job. B) in the working-age population who have a job. C) in the working-age population who have a full time job. D) who are 16 years of age or older.
Between 1981 and 2013, deaths from kidney disease increased largely due to the effects of
A) increased smoking. B) increasing obesity. C) increasing alcohol consumption. D) increased pollution.
Billie's Billiard Barn has seen its business slow down ever since Patti's Ping Pong Parlour opened up across the street
Since the opening of Patti's Ping Pong Parlour, the opportunity cost of shooting pool at Billie's Billiard Barn has ________ for Billie's customers who also like to play ping pong. A) not changed. B) decreased. C) fallen to zero. D) increased.
Reaching a Nash equilibrium means that:
A. a stable outcome has been reached. B. there is no stable outcome to the game. C. the players will never reach a positive-positive outcome. D. each player has achieved their highest payoff in the game.