The elimination of hourly rate assembly line jobs for unskilled workers by robots is an example of
A) involuntary unemployment.
B) mismatch unemployment.
C) cyclical unemployment.
D) turnover unemployment.
B
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Suppose that the United Kingdom devalues the pound. If both exports and imports are written in terms of pounds, then the United Kingdom balance of trade ________ during a currency contract period
A) improves B) worsens C) is unaffected D) falls for a while before increasing
If more and more labor is employed while keeping all other inputs constant, the marginal physical productivity of labor
a. will eventually increase. b. will eventually decrease. c. will eventually remain constant. d. cannot tell from the information provided.
Assume that Dakota's salary is $49,500, up from $45,000 last year, while the CPI is 198 this year, up from 180 last year. This means that Dakota's real income has ____________ since last year.
a. increased b. decreased c. stayed the same d. There is not enough information provided to answer this question.
Diversification
What will be an ideal response?