Annie had a job as a human resource manager of a restaurant chain that went out of business due to a downturn in the economy. This is an example of
A) cyclical unemployment.
B) structural unemployment.
C) seasonal unemployment.
D) technological unemployment.
A
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Downward wage rigidity is likely to:
A) decrease unemployment. B) decrease wage rates. C) increase wage rates. D) increase unemployment.
If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10 million unemployed and 150 million employed, the labor force participation rate is
A) 69.6 percent. B) 23.3 percent. C) 6.67 percent. D) 50 percent.
What is the lemons problem? How do firms try to address this problem?
What will be an ideal response?
For a normal distribution, the skewness and kurtosis measures are as follows:
A) 1.96 and 4 B) 0 and 0 C) 0 and 3 D) 1 and 2