Laid-off auto workers in Detroit need to be trained for jobs in other industries where there is more labor demand. In the meantime, they are out of work. This is an example of:

a) Structural unemployment
b) Frictional unemployment
c) Cyclical unemployment
d) Natural unemployment


Answer: a) Structural unemployment

Economics

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The Founding Fathers (or Founders) of the United States were

(a) pragmatic reformers, eager to assault slavery whenever political realities permitted. (b) skittish abolitionists, cautiously promoting antislavery under particular circumstances. (c) anti-abolitionists, permitting slaves to be freed only when they would reap a great advantage from emancipation. (d) not concerned with slavery, because for centuries humankind failed to recognize it as a problem.

Economics

An example of a good that is not rival in consumption is:

A. a sports car. B. a paper clip. C. bottled water. D. electricity.

Economics

According to the World Bank, developing countries greatly outnumber industrial countries

a. True b. False Indicate whether the statement is true or false

Economics

Between 2006 and 2008 the poverty rate

A. rose by about one percent. B. fell by about one percent. C. rose by around three percent. D. fell by about three percent.

Economics