If a person is fired for poor performance but possesses skills required to obtain another job after some searching, this person is considered
A. seasonally unemployed.
B. structurally unemployed.
C. frictionally unemployed.
D. a discouraged worker.
Answer: C
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Use the following graph of the demand for steak to answer the question below.
Refer to the above diagram and assume that steak is a normal good. Which of the following would shift the demand for steak from D1 to D3?
A. a decrease in consumer incomes B. a decrease in the price of steak C. an increase in consumer incomes D. an increase in the price of steak
Why might a small investor be interested in buying a mutual fund as opposed to stock in an individual company?
What will be an ideal response?
Refer to Scenario 17.5. The owners can't know whether the workers are exerting high or low effort if income is
A) $5000. B) $7000. C) above $7000. D) $13,000. E) above $13,000.
Firms 1 and 2 compete in a Cournot duopoly. If firm 2 adopts a strategy that raises firm 1's marginal cost:
A. firm 2 will enjoy higher profits. B. firm 1 will reduce its output. C. firm 2 will gain market share. D. All of the statements associated with this question are correct.