Parker recently quit his job to find one that pays better and better fits his skills. He has had multiple interviews and anticipates securing a new position soon. Based on this description, Parker is best described as:
A. cyclically unemployed.
B. structurally unemployed.
C. frictionally unemployed.
D. not in the labor force.
Answer: C
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A profit?maximizing firm in a monopolistically competitive market structure behaves much like a ________ in the short run.
A. dominant firm B. Cournot duopolist C. perfectly competitive firm D. monopolistic firm
An international organization formed with the aim of promoting world economic growth through financial stability is called
A) the International Finance Corporation. B) the International Monetary Fund (IMF). C) the International Development Association. D) the World Bank.
Refer to the scenario above. Which of the following statements will hold true if the starting bid is $300?
A) Everyone except Bob will take part in the auction. B) Everyone will take part in the auction. C) Only Bob will take part in the auction. D) Everyone except Joe will take part in the auction.
Holding your income and the price of lobster constant, you can derive your demand curve for steak from an indifference curve/budget line diagram by determining how your consumption of steak changes when the price of a steak changes
Indicate whether the statement is true or false