Structural unemployment will decline if:
a. more seasonal work becomes available.
b. the government increases taxes to support more welfare programs.
c. consumer spending on new technology decreases.
d. computerized job-search systems are improved.
e. retrained workers can move to areas where new jobs are available.
e
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Production efficiency occurs
A) anywhere inside or on the production possibilities frontier. B) when the total cost of production is minimized. C) at all points on the production possibilities frontier. D) at only one point on the production possibilities frontier. E) at all points inside the production possibilities frontier.
Refer to the scenario above. If they are the only bidders in the auction, Jeff will win the auction if ________
A) Tom and Roger bid up to their value for the good while Bill and Jeff bid below their value of the good B) Tom and Jeff bid up to their value for the good while Roger and Bill bid below their value for the good C) Bill and Jeff bid up to their value for the good while Tom and Roger stop bidding at $100 and $200, respectively D) each of them bids up to his value for the good
The productivity slowdown in the U.S. can be explained by geographic limitations and instability in the government
a. True b. False Indicate whether the statement is true or false
Change in Quantity Supplied
What will be an ideal response?