When various firms fail because their output is not demanded by society, workers may suffer
a. structural unemployment.
b. frictional unemployment.
c. seasonal unemployment.
d. cyclical unemployment.
d
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An instrument rule is based on ________ of the economy while a targeting rule is based on ________ of the economy
A) the current state; the previous state B) a forecast; the previous state C) the previous state; the current state D) the current state; a forecast E) a forecast; the current state
If the university administration plans to cut tuition charges in the hope of attracting more students and thereby increasing tuition revenues, we know
A) they are assuming an elastic demand. B) they are assuming an inelastic demand. C) they cannot succeed because of the law of demand. D) they must be running in the red. E) they will only succeed if more students can be enrolled at no cost.
Suppose that businesses in Japan reduce their spending on plant and equipment. What will be the effect on spending on plant and equipment by businesses in the United States?
What will be an ideal response?
If users can benefit from conservation, resources will be:
A. Not be profitable B. Extracted at a fast rate C. Preserved for future use D. Overused in the present and the future