Frictional unemployment describes
A. recent entrants, re-entrants, and voluntary quits who require only a short time to find new employment.
B. the growing number of job seekers whose absence of skills makes them unemployable in any line of work except unskilled, dead-end jobs.
C. the loss of jobs resulting from periods of recession.
D. extended periods of unemployment during which retraining for new jobs occurs.
E. seasonal layoffs and periods without work, such as construction and public school teaching.
A. recent entrants, re-entrants, and voluntary quits who require only a short time to find new employment.
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The construction of the interstate highway system in the United States is an example of a government policy to promote economic growth by:
A. improving technology. B. increasing human capital. C. increasing physical capital. D. improving the social and legal environment.
Which of the following are most likely to become an endangered species?
A) animals in the wild B) domesticated animals C) animals that people like to keep at home as pets D) animals that people have property rights to own
Which of the following would be most likely to cause an increase in the wage rate for a particular job?
a. A decrease in the amount of training needed to perform this job. b. An increase in the danger of this job. c. A decrease in the danger of this job. d. An improvement in the working conditions associated with this job. e. An increase in the number of workers with the skills for this job.
The Hicks family owns a blueberry farm in Maine. The Ward family owns a blueberry farm in Massachusetts. A drought in Massachusetts destroys half of the Ward family's harvest for one year. For the Ward family, their
a. transitory income for the year of the drought likely exceeds their permanent income. b. permanent income likely exceeds their transitory income for the year of the drought. c. transitory income likely will be affected but the permanent income of the Hicks family will increase. d. permanent income likely will be affected but the permanent income of the Hicks family will not be affected.