Which of the following can be considered an example of cyclical unemployment?
a. A recent graduate searching for his first job
b. A ski instructor looking for a part-time job during the summer
c. An engineer looking for a new job after losing his job during a recession
d. A typist looking for a new job as his skills are not needed in the current labor market
c
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Why is there a resource cost associated with inflation?
A. because the existence of inflation discourages people from placing their savings in interest-bearing accounts, where it is needed to fund capital investment B. because most workers end up working fewer hours during periods of inflation C. because consumers, workers, and firms devote resources to protecting themselves from the financial costs of inflation D. because unemployment increases when there is inflation
A Lorenz curve measures the ________ on the horizontal axis
A) cumulative percentage of family income B) cumulative percentage of family wealth C) cumulative percentage of families D) demand of families on welfare
Jaime has just researched and purchased a book through the Internet as a result of responding directly to a ad on Facebook. The Facebook ad is an example of
A. mass marketing. B. direct marketing. C. indirect marketing. D. interactive marketing.
Benefit levels for the Temporary Assistance to Needy Families (TANF) are set by ________ governments.
A. state B. local C. municipal D. federal