What is the term for a situation in which a person is overqualified for the job he or she has?
(A) Partial employment
(B) Discouraged worker
(C) Underemployment
(D) Low-skilled work
Ans: (C) Underemployment
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In 2017, about what percentage of goods and services sold in the United States was imported?
A. 5 percent B. 15 percent C. 22 percent D. 88 percent
If an infant industry truly has a good chance to become competitive and produce profitably once it is well established, it is not at all clear that government should even offer protection to reduce short-run losses
a. True b. False Indicate whether the statement is true or false
The basic reason why farm prices have declined has been that _________________________.
Fill in the blank(s) with the appropriate word(s).
The increase in the price of a good would
A. cause a movement along the demand curve to a (lower price, higher quantity) point. B. move its demand curve to the left. C. cause a movement along the demand curve to a (higher price, lower quantity) point. D. move its demand curve to the right.