In equilibrium, the quantity of labor demanded is ________ the quantity of labor supplied
A) less than B) equal to
C) greater than D) the primary determinant of
B
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Refer to the above figure. Perfect income equality is shown by
A) the horizontal axis. B) the vertical axis. C) curve A. D) curve D.
Which of the following about unemployment is true?
a. The unemployment rates of the major European economies have been lower than the United States during the last decade. b. The natural rate of unemployment is unaffected by labor market regulations and other dimensions of public policy. c. High unemployment rates over lengthy time periods are indicative of structural factors that are adversely affecting the natural rate of unemployment. d. The unemployment rates of Spain and Italy were among the lowest in the world during the past two decades.
If people are made unemployed because of a fall in aggregate demand this is known as:
a) Frictional unemployment b) Seasonal unemployment c) Cyclical unemployment d) Structural unemployment
Survey results indicate that support for the British National Health Service is quite strong:
a. even though a significant number of those surveyed are less concerned about equal access to care and more concerned about the quality of their own care. b. due to the narrowing of health inequalities across socioeconomic groups since its inception. c. with widespread support of the functioning of the National Institute of Health and Clinical Excellence (NICE), that guarantees medical treatment to all segments of the population regardless of cost or efficacy. d. even though the majority of those surveyed feel the quality of care would improve if patients could spend their own money for rationed services. e. because of reductions in the length of time that patients must wait for elective surgeries.