Jenna is searching for a job that suits her tastes about where to live. Mary is looking for a job that makes best use of her skills
a. Jenna and Mary are both frictionally unemployed.
b. Jenna and Mary are both structurally unemployed.
c. Jenna is frictionally unemployed, and Mary is structurally unemployed.
d. Jenna is structurally unemployed, and Mary is frictionally unemployed.
a
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The production possibilities frontier is a diagram that shows:
a. the productively efficient combinations of two products that an economy can produce given the resources it has available. b. the productively efficient combinations of two products that can be produced on a worldwide basis given demand. c. the productively inefficient combinations of a single product that an economy can produce given the resources it has available. d. the productively efficient combinations of two products that an economy can produce regardless of if the resources are available.
Due to increased competition, Hit-Hard, a baseball bat manufacturer, decreased the price of its product. This was followed by a decrease in price by all the other manufacturers. Which of the following will be an impact of this price change in the market for baseball bats. a. The quantity supplied of baseball bats will increase. b. The quantity supplied of baseball bats will decrease. c. The
supply of baseball bats will increase. d. The supply of baseball bats will decrease.
During 2011 the inflation rate in Brazil was about 6.6% while in the U.S. it was about 3.3%. At the start of 2011 the nominal exchange rate was about 1.7 Brazilian real per U.S. dollar. If purchasing-power parity holds, about what should the nominal exchange rate have been at the end of 2011? Show your work
Combined in 2014, the federal and state spending on Medicaid amounted to
A. $400 billion. B. $2.7 million. C. $496 billion. D. $197 million.