Consider a broom factory that permanently closes because of foreign competition. If the broom factory's workers cannot find new jobs because their skills are no longer marketable, then they are classified as:
a. seasonally unemployed.
b. frictionally unemployed.
c. structurally unemployed.
d. cyclically unemployed.
c
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When the labor force is constant and unemployment is at its natural rate,
A) (the rate of job finding × the number of unemployed workers) = (the rate of job separation × the number of employed workers). B) (the rate of job finding × the number of employed workers) = (the rate of job separation × the number of unemployed workers). C) (the rate of job finding × the rate of job separation) = (the number of unemployed workers × the number of employed workers). D) (the rate of job finding + the rate of job separation) = (the number of unemployed workers + the number of employed workers).
Which of the following is a basic human need?
a. Transportation b. Healthcare c. Money for gas d. College level education e. Savings
The United States has free trade agreements with what countries?
a. Canada and Mexico b. Canada, Mexico, Great Britain c. Canada, Israel, Jamaica, Bahamas d. Canada, Mexico, Israel
An unhealthy person would likely choose a medical insurance policy with a
a. low premium and a high deductible. b. high premium and a high deductible. c. high premium and no deductible. d. The unhealthy person would choose not to be insured.