Unemployment that develops as old industries die off is known as ________
A) cyclical unemployment
B) structural unemployment
C) frictional unemployment
D) voluntary unemployment
B
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The economy's marginal social benefit curve for a public good is equal to the ________
A) horizontal sum of the individual demand curves B) vertical sum of the individual marginal benefit curves C) horizontal sum of the individual marginal benefit curves D) vertical sum of the individual supply curves
According to the rational expectations theory,
a. on average people have very little idea of what to expect from government policy makers. b. people form expectations by focusing only on the private sector. c. people do not consider likely government policies when forming expectations. d. people form expectations, in part, by considering the probable future effects of changes in government policy.
Megan’s country has neglected its infrastructure. What impact will this most likely have on economic growth?
a. It will encourage economic growth. b. It will hinder economic growth. c. It will have little impact on economic growth. d. Its impact on economic growth depends on the size of the economy.
If the exchange rate for the euro changes from $1 = 0.81 euro to $1 = 1.14 euro, then the:
A. Euro has appreciated B. Dollar has appreciated C. Dollar has depreciated D. Value of euros has increased