________ unemployment arises from a mismatch of skills and jobs
A) Cyclical B) Frictional C) Structural D) Inflationary
C
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Which of the following is a leakages from the circular flow?
a. Household saving and government spending b. Business investment and household saving c. Net taxes and household saving d. Government spending and business investment e. Net taxes and government spending
Which of the following groups believes that unemployment is only a temporary condition that disappears when unemployed workers, competing for jobs, drive down wage rates?
a. classical school b. Keynesian school c. neo-Keynesian school d. rational expectations school e. supply-side school
Efficient production implies that it is:
A) possible to produce more of all goods and services. B) it is possible to produce more of one good without producing less of another. C) not possible to produce more of one good without producing less of another good. D) producing at a combination of goods which lies between the production possibilities curve and the origin.
When a U.S. company establishes a call center in India that answers its customer service calls, the United States is
A. outsourcing, a form of importing services B. outsourcing, a form of exporting services C. insourcing, a form of importing services D. insources, a form of exporting services