Unemployment rates in many continental European countries have been consistently higher compared to the United States. The difference is mostly
a. due to differing monetary policies
b. cyclical unemployment
c. frictional unemployment
d. structural unemployment
e. seasonal unemployment
D
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Human capital is equally, if not more, important than physical capital
Indicate whether the statement is true or false
A federal budget deficit ________ interest rates, which ________ exchange rates (foreign currency per domestic currency), and ________ the balance of trade
A) reduces; raises; reduces B) raises; reduces; reduces C) reduces; reduces; raises D) raises; raises; reduces
Which of the following will not generally be true of a monopolistic competitor operating in the long run? a. It will be earning normal profits
b. Its marginal revenue = marginal cost. c. Its average total cost will be minimized. d. Its price will be greater than its marginal cost.
Liasner, a heavy machine manufacturer, recently introduced a new lathe machine that consumes lesser electricity than conventional lathe machines. Since baseball bats are produced using lathe machines, which of the following will be an impact of Liasner's machine on the supply of 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.