Which of the following would be most helpful in reducing the level of frictional unemployment?
a. a new law that disallows businesses from offshoring certain types of low-skilled jobs
b. a large increase in the money supply in order to stimulate the economy
c. a new job search app that automatically alerts employers to employees who match
the skills they need
d. a new job training program that gives low-skilled workers better chances of finding a
job
c. a new job search app that automatically alerts employers to employees who match
the skills they need
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If Stock A sometimes increases and sometimes decreases in value when Stock B decreases in value at the same time, they are
A) negatively correlated. B) uncorrelated. C) positively correlated. D) random bets.
Suppose an individual can earn 3 percent interest on an annual term deposit. His opportunity cost of holding $100,000 in cash instead of investing in the term deposit will be: a. $3,300
b. $330. c. $1,000. d. $6,000. e. $3,000.
Joe has just retired and would like to convert some of his savings into an annuity that will pay him an equal amount each year for the next 5 years. If the current interest rate is 5.75%, how much money will he have to invest in order to receive $30,000 a year?
What will be an ideal response?
Resource X has many close substitutes, whereas resource Y has no close substitutes. Other things equal, we would expect:
A. the demand for resource Y to be more elastic than the demand for resource X. B. resources X and Y to be close substitutes. C. resource X to be more expensive than resource Y. D. the demand for resource X to be more elastic than the demand for resource Y.