Which of the following is not a way to become officially unemployed?
a. Quit your job to look for a better job in another part of the country.
b. Be fired from your job.
c. Look for a job after being out of the civilian labor force for five years.
d. Retire.
e. Look for a job only for the period in the summer that you are out of school.
d
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The substitution of machines for labor
A) does not reduce employment opportunities because labor is required to produce the machines. B) is not likely to reduce employment opportunities because as many or more workers will usually be demanded to produce, service, and operate the machines. C) will proceed more rapidly in a society the more rapidly the cost of hiring workers rises. D) will reduce employment opportunities if increased competition associated with the introduction of machinery lowers product prices.
Aglets are the metal or plastic tips on shoelaces that make it easier to lace your shoes. The demand for aglets is probably
A) inelastic. B) unit elastic. C) elastic but not perfectly elastic. D) perfectly elastic.
Capital structure refers to
A) the ratio of equity to debt. B) the ratio of common stock to preferred stock. C) the ratio of debt to equity. D) the ratio of cash to current liabilities
Consumer spending is an injection in the circular flow of income and spending.
Answer the following statement true (T) or false (F)