From September 2013 to September 2014, the employment-to-population ratio increased from 58.6 percent to 59.0 percent. This change could have been the result of
A) a decrease in the working-age population.
B) unemployed workers becoming part-time workers.
C) unemployed workers becoming discouraged workers.
D) discouraged workers starting to look for jobs again.
A
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Natural oligopoly is a situation where
A) the level of demand can support only a few firms. B) there is only one firm. C) there are only two firms. D) there are legal barriers to entry.
A less developed country can increase its capital stock by
a. raising taxes on purchases of capital goods b. temporarily accepting unusually high unemployment rates c. reducing government spending d. shifting resources away from production of consumer goods and toward production of capital goods e. providing more opportunities for individuals to spend their accumulated savings
A nation can gain from international trade when
a. its relative production costs are the same as those of other countries. b. it exports goods for which it is a low-opportunity cost producer while importing goods that it could produce only at a high opportunity cost. c. it imports goods for which it is a low-opportunity cost producer and exports goods for which it is a high opportunity cost producer. d. it has a trade deficit.
Economists usually maintain that policy designed to increase aggregate demand cannot have any long-run real effects. What lies behind this argument?
What will be an ideal response?