The best example of a cyclically unemployed individual is

A) Charles who lost his job as a real estate salesperson when the housing market went soft because of a recession.
B) Alice who quit her job to enter college.
C) Mary who lost her job in the textile industry following a decrease in the tariff on textiles.
D) Bob who has just graduated from college and is entering the labor market.


A

Economics

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If people believe that prices are going to be higher in the future then they are today, they will

a. wait until the future to purchase the things they wand b. decrease their demand now c. increase their demand now d. increase their supply now e. save more today so they have the income to buy more in the future

Economics

If the quantity of labor Sam supplies to a job is zero over the realistic range of wages, Sam

a. is either unwilling or unable to perform the job b. has not been hired to do the job c. has not been hired to do the job at the going market wage rate d. is unable to perform the job e. is unwilling to perform the job

Economics

If the price elasticity of demand is very elastic, which of the following could be a possible value of the elasticity?

A. 2 B. 1 C. 1/3 D. 0

Economics

Refer to the information provided in Figure 13.3 below to answer the question(s) that follow.  Figure 13.3Refer to Figure 13.3. The marginal revenue of the 12th pound of burritos is

A. -$4. B. -$3. C. $2. D. $8.

Economics