Which one of the following individuals would be classified as structurally unemployed?
A) Joe was laid off by by his construction company because there was a reduction in the number of houses built in the winter.
B) Gail lost her job with the state because there was a reduction in the state budget.
C) Tommy lost his job when the steel mill where he worked was closed because domestic producers would not produce as efficiently and cheaply as foreign firms.
D) Fay lost her job in early January when the Christmas store where she worked was closed.
C
You might also like to view...
If government increases taxes by the same amount it increases government spending, there will be no effect on aggregate demand: the increase in government spending is offset by an equal decrease in consumption spending by households
Indicate whether the statement is true or false
There are many ways developing countries finance their external deficits EXCEPT
A) bank finance. B) portfolio investment in ownership of firms. C) bond finance. D) official lending. E) foreign exchange rates.
If policies of the Fed cause the money supply to increase, and velocity is held constant, the expected outcome would be: a. P Q would increase, and the general price level would increase if Q remained constant. b. P Q would decrease, and the general price level would decrease if Q remained constant. c. P Q would decrease, and the general price level would increase if Q increased
d. insufficient information is available to arrive at a conclusion.
Assume the standard trade model with two countries (Alpha and Beta), two goods (food and drink), and two factors of production (land and labor). Further assume that Alpha is relatively labor-abundant and food is relatively land-intensive. If the countries engage in free trade, Alpha will
A. import both goods. B. export food and import drink. C. export drink and import food. D. export both food and drink.