Wages in excess of their equilibrium level help explain
a. frictional but not structural unemployment.
b. structural but not frictional unemployment.
c. both frictional and structural unemployment.
d. neither frictional nor structural unemployment.
b
You might also like to view...
Refer to the scenario above. Suppose there are several other bidders in the auction. Roger will win the auction only if ________
A) all the other bidders bid above $625 B) all the other bidders bid below $625 C) all the other bidders are risk-lovers D) all the bidders are risk-averse
Everything else held constant, the interest rate on municipal bonds rises relative to the interest rate on Treasury securities when
A) income tax rates are lowered. B) income tax rates are raised. C) municipal bonds become more widely traded. D) corporate bonds become riskier.
A technological advance in the production of the first good increases the opportunity cost of the first good in terms of the second good
a. True b. False Indicate whether the statement is true or false
Recall the Application about price discrimination using refillable soda bottles to answer the following question(s).Recall the Application. Price discrimination using recyclable soda bottles will work only if:
A. some consumers will buy the soda only if given a discount. B. all consumers are willing to buy the soda at the higher price. C. all consumers will not buy the soda at the lower price. D. the seller can only sell the refillable bottles for more than twice the cost of producing it.