Unemployment means
A. the same as underemployment.
B. a recession.
C. slow economic growth.
D. that not all resources are being used.
D. that not all resources are being used.
You might also like to view...
As shown in the above table, Sam enjoys sailing and skiing equally well. Which of the following is TRUE?
A) Sam will not consume the same number of hours of sailing and skiing if the price per hour of sailing is more than that of skiing. B) If the prices per hour of sailing and skiing are the same, Sam will not spend the same number of hours at each activity. C) The marginal utility of the 3rd hour of either sailing or skiing is 120. D) None of the above is true.
Which one of the following is most likely to reduce the mobility of labor between jobs?
a. an increase in the minimum wage b. legislation relaxing licensing requirements for entry into many occupations c. the taxation of unemployment compensation in the same manner as income from other sources d. both b and c above
Approximately how much of the world's output does China produce?
A. approximately 0 percent. B. approximately 11 percent. C. approximately 9 percent. D. approximately 1.5 percent.
Under average-cost pricing, an increase in the monopolist's production cost will:
A. decrease its profit because its profit per unit decreases. B. not affect its profit because the government adjusts the regulated price equal to the average cost. C. increase its profit because the monopolist can reduce the average cost at a greater output level. D. None of these