In recent years new automobile factories have opened in California and Ohio and closed in Detroit where the unemployment of automobile workers has increased. This unemployment could be decreased if
A) "moving costs" from Detroit to California and Ohio were reduced.
B) information about the new jobs was made available to the unemployed workers at reduced cost.
C) workers with the appropriate skills were relatively scarce in Ohio and California.
D) all of the above.
D
You might also like to view...
The 1973-1975 recession was caused by
A) the Fed's easy monetary policy. B) the Fed's tight monetary policy. C) business pessimism about investment caused by high tax rates on capital. D) the quadrupling of oil prices by OPEC.
Which of the following is true for the game in Scenario 13.3?
A) Moto's dominant strategy is the CD changer. B) Moto's dominant strategy is the free maintenance. C) Zport's dominant strategy is the low-profile tires. D) Zport's dominant strategy is the sun roof. E) Neither company has a dominant strategy.
Refer to the graphs shown. The discovery of a new supply of resources used only in the production of guns can be shown by which shift?
A. From X to Z to X to Y in diagram b B. From A to B to C to D in diagram a C. From X to Y to X to Z in diagram b D. From C to D to A to B in diagram a
Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are S1 and D1. Which of the following can change the equilibrium exchange rate ($/pound) to $1.50 and the equilibrium quantity to 400 pounds?
A. the price level in Great Britain decreases B. income in the United States decreases C. British purchases of U.S.-made cars increase D. United States purchases of British-made cars increase