What is the difference between seasonal unemployment and structural unemployment?
What will be an ideal response?
Answer: Seasonal unemployment occurs because of schedules, whereas structural occurs because people lack skills.
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The above figure shows the market for anti-freeze. The government imposes the sales tax shown in the figure on sellers. The sales tax on anti-freeze decreases the quantity of anti-freeze that automobile owners purchase by
A) 0 gallons. B) 1000 gallons. C) 2000 gallons. D) 3000 gallons.
Increases in the supply of scientists and engineers can increase the level of
a. investment. b. consumption. c. government spending. d. technology.
Suppose that Christine owns her own CPA firm. She uses only two inputs in her business: her hours worked (labor) and a computer (capital). In the short run, Christine most likely considers
a. both labor and capital to be fixed. b. both labor and capital to be variable. c. capital to be variable and labor to be fixed. d. labor to be variable and capital to be fixed.
Table 16.1Given the data in Table 16.1, if Firm A were to reduce pollution from 1,000 gallons of wastewater per day to 0 gallons per day, production costs:
A. would increase by $12. B. would decrease by $12. C. would not change. D. cannot be calculated from the information given.