Compared with other displaced workers, ______________ workers tend to face ______________ adjustment costs as they must endure longer ______________ spells and larger wage losses once reemployed.
a. trade-displaced, higher, unemployment
b. unemployed, higher, nonproductive
c. trade-displaced, lower, unemployment
d. unemployed, lower, nonproductive
a. trade-displaced, higher, unemployment
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Which of the following statements best describes the balance in a revenue account at the beginning of an accounting period?
A. Higher than the previous period's beginning balance B. Equal to the amount of retained earnings for the previous period C. Zero D. Last period's ending balance
Most copyrighted music is licensed for use by BMI and ASCAP (organizations that represent musicians, composers, and publishers of music). They charge set fees to music users through "blanket licensing," which does not allow music users to bargain over price. This was attacked as price fixing. The Supreme Court held the practice:
a. legal using a rule of reason analysis because otherwise the market could not function well b. legal because it involved copyrighted material not subject to the antitrust laws c. illegal under a rule of reason analysis, ruling that prices must be negotiated or that there must be many more price categories than before d. illegal under the per se rule against price fixing e. none of the other choices
The dynamic pricing configuration where the resulting price is determined by each party's bargaining power, supply and demand in the item's market, and possibly business environment factors best describes
A) one buyer, one seller. B) one seller, many potential buyers. C) one buyer, many potential sellers. D) many sellers, many buyers.
Donald, Anne, and Todd have the following capital balances; $40,000, $50,000 and $30,000 respectively. The partners share profits and losses 20%, 40%, and 40% respectively.Anne retires and is paid $80,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital of the remaining partners?
A. Donald, $30,000; Todd, $10,000 B. Donald, $40,000; Todd, $30,000 C. Donald, $24,000; Todd, $18,000 D. Donald, $50,000; Todd, $50,000 E. Donald, $70,000; Todd, $40,000