Anne is an accountant who lost her job in the last recession and has given up looking for work after an unsuccessful job search. Which of the following is true in this case?
a. She is a discouraged worker
b. She is underemployed.
c. This is an example of cyclical unemployment.
d. This is an example of seasonal unemployment.
e. She is overemployed.
a
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What percentage of the world population lives in low-income countries?
a. 10 percent b. 11.8 percent c. 15 percent d. 20 percent
The distinction between exogenous and endogenous variables is important because:
a. Endogenous variables are determined within the Three-Sector-Model while exogenous variables are not. Exogenous variables are therefore treated as shocks to the Three-Sector-Model. b. Exogenous variables are fixed by definition. c. Endogenous variables are fixed by definition. d. Exogenous variables are determined within the Three-Sector-Model while endogenous variables are not. Endogenous variables are therefore treated as shocks to the three markets. e. Endogenous variables are real factors while exogenous variables are nominal factors.
Some economists suggest that increased international trade with countries that have a greater proportion of unskilled workers has led to an expanding wage gap between high-skill and low-skill workers in the United States
a. True b. False Indicate whether the statement is true or false
When a competitive firm hires labor up to the point at which the value of the marginal product of labor equals the wage, it also produces output up to the point at which marginal cost is equal to __________
Fill in the blank(s) with correct word