Dennis is an excellent typist. However, because he has been unable to adapt to his company's new computer system, he has lost his job. He is currently seeking another secretarial position, but it is likely that he will have to acquire new skills to become employable as a secretary again. Dennis would best be described as
a. frictionally unemployed
b. seasonally unemployed
c. structurally unemployed
d. cyclically unemployed
e. not in the labor force
C
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A less costly alternative to protection of national defense industries would be a production subsidy
Indicate whether the statement is true or false
The benefits from cartelizing are greater if
A) the market demand elasticity is higher. B) the market demand elasticity is lower. C) the market price is higher. D) each firm cuts its output more.
________ is an odorless and colorless gas, a product of the combustion of fossil fuels and burning wood. It is a leading cause of accidental poisoning in the U.S
a. Radon b. Carbon monoxide (CO) c. Nitrogen dioxide d. Sulfur dioxide
Opportunity costs:
a. only include explicit costs paid out-of-pocket b. never involve costs paid out-of-pocket. c. may or may not involve costs paid out-of-pocket. d. are always measured in terms of time.