A recent accounting graduate from a major business school is searching for a place to begin his career as an accountant. This individual is
A) structurally unemployed.
B) seasonally unemployed.
C) cyclically unemployed.
D) frictionally unemployed.
D
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Name two conditions that can cause a capital asset to depreciate
What will be an ideal response?
How does the imposition of a penalty for possessing an illegal drug influence demand, supply, price, and the quantity of the drug consumed?
What will be an ideal response?
In this graph showing welfare effects of a price floor when the government buys the surplus, the cost to the government, area c + d + f + g + h + i, ______.
a. demonstrates that price floors convey a net welfare gain to society b. is larger than the gain to producers, resulting in a deadweight loss c. is equal to the gain to producer and consumers, creating equilibrium d. allows producer surplus to grow while steadily maintaining consumer surplus
Every worker is better off making more money and having better benefits. If you concluded from that fact that all workers would be better off if a law were passed requiring a 25% increase in wages and benefits, then you would be
A. wrong because causation and correlation are not the same. B. right. C. wrong because workers operate on jealousy. D. wrong and have fallen victim to the fallacy of composition.