Jordan recently quit her job as a marketing consultant in Washington, D.C. and is looking for a better-paying job with an advertising agency in New York. Jordan is considered to be
A) cyclically unemployed.
B) structurally unemployed.
C) not in the labor force.
D) frictionally unemployed.
E) a discouraged worker.
D
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Use the following diagram to answer the next question. Assume a nation's current production possibilities are represented by the curve AB in the above diagram. Economic growth would best be indicated by a
A. shift in the curve from AB to CD. B. movement from point 3 to point 4. C. shift in the curve from AB to EF. D. movement from point 1 to point 2.
Refer to the table above. The capital and financial account balance is
A) $190 billion. B) $200 billion. C) -$190 billion. D) -$200 billion. E) $1,900 billion.
If the wage rate paid in the fast-food outlets in a small town is greater than the reservation wage of all the teenagers in the town and less than the reservation wage of all the adults, then the fast-food outlets will hire ________
A) mostly adults and a few teenagers B) some adults and some teenagers C) only adults D) only teenagers
Assuming the inverse demand function for good Z can be written as P = 90 - 3Q, when P = 20, the point price elasticity of demand is equal to (approximately):
A) -0.22. B) -0.29. C) -0.67. D) -4.5.