At full employment, there is no
A) structural unemployment.
B) frictional unemployment.
C) unemployment.
D) structural and seasonal unemployment.
E) cyclical unemployment.
E
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An upper limit to the quantity of a good that may be produced in a specific period is called
A) production quota B) import quota C) price ceiling D) price floor
There seems to be some basis for concluding that genetic differences in intelligence exist between blacks and whites
Indicate whether the statement is true or false
An appreciation of the Norwegian kroner in relation to the U.S. dollar is most likely to cause:
a. an increase in the U.S. demand for Norwegian goods. b. an increase in the Norwegian demand for U.S. goods. c. an increase in the supply of U.S. goods to Norway. d. a decrease in the supply of Norwegian goods to the United States. e. no change in the demand or supply of goods for either country.
The expansion of world output as a result of trade is mainly due to the effects of
A. Improved terms of trade. B. Specialization according to absolute advantage. C. Specialization according to comparative advantage. D. Higher trade barriers.