Andrew just lost his job as a corkscrew operator since his company has found a machine to perform his work tasks. Andrew did not have the skills needed to operate the machine. Andrew has searched for a new job for 6 months and continues to search
Therefore, Andrew is considered to be A) frictionally unemployed.
B) a discouraged worker.
C) cyclically unemployed.
D) structurally unemployed.
D
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A characteristic found only in oligopolies is
A) independence of firms. B) break-even level of profits. C) products that are slightly different. D) interdependence of firms.
In the accelerator theory the
A) smaller the desired capital-output ratio the larger will be net investment. B) smaller the desired capital-output ratio the larger will be replacement investment. C) larger the desired capital-output ratio the larger will be net investment. D) larger the desired capital-output ratio the smaller will be replacement investment.
What is a major opportunity cost of going to college on a full-time basis?
A. The cost of transportation to college instead of to a job B. The cost of living expenses (room and board) to attend college C. The foregone income that could be earned working full-time job D. The greater income that will be earned from having a college degree
If the yen to dollar exchange rate moves from 105 to 115 yen per dollar, then the dollar has ________ and the yen has ________
A) appreciated; appreciated B) appreciated; depreciated C) depreciated; depreciated D) depreciated; appreciated