Johnny has been working in a sandwich shop full-time while he attends college. When he graduates, he quits the sandwich shop and begins to search for full-time employment related to his college degree. Johnny would be considered:
A. frictionally unemployed.
B. structurally unemployed.
C. cyclically unemployed.
D. classically unemployed.
A. frictionally unemployed.
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Why is collusion more likely in a repeated game?
What will be an ideal response?
You are the Minister of Trade for a small island country with the following annual PPC:
You are negotiating a trade agreement with a neighboring island with the following annual PPC:
If the other island's delegate offers to give you 2 fish for every 1 coconut you give them, you will:
A. refuse their offer because the opportunity cost to you of a coconut is less than 2 fish. B. accept their offer because you do not have an absolute advantage in fish. C. accept their offer because you do not have the comparative advantage in fish. D. refuse their offer because the opportunity cost to you of a coconut is more than 2 fish.
Which of the following describes a discretionary fiscal policy action/program?
A) the progressive income tax system B) The government increases funding for the Dislocated Worker Program, a federal initiative that provides retraining and career counseling. C) the unemployment compensation program D) the system of welfare programs
You start with a portfolio valued at $500. Over the next twelve months it loses 40%; the following year it has a gain of 30%. At the end of two years your portfolio is worth:
A. $450. B. $410. C. $390. D. $300.