A customer service representative in Nebraska who loses his job because the company relocated the customer service department to India represents an example of

A. structural unemployment.
B. cyclical unemployment.
C. frictional unemployment.
D. seasonal unemployment.


Answer: A

Economics

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The world's total output will be greater the more self-sufficient each of the world's economies becomes

a. True b. False

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Figure 18-2 Figure 18-2 shows the widget market before and after an excise tax is imposed. After the tax is imposed, the amount that a firm keeps for itself from the sale of each widget is ____.

A. $95 B. $100 C. $120 D. $125

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The degree to which rent controls affect the market for apartments depends on

A. supply elasticity. B. the intent of the lawmakers. C. demand elasticity. D. A) and C)

Economics

The Fed is also known as a "banker's bank."

Answer the following statement true (T) or false (F)

Economics