"Turnover" unemployment is another name for ________ unemployment
A) frictional
B) structural
C) cyclical
D) natural
A
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Refer to the scenario above. Arthur should place a bid of ________
A) $187.50 B) $200 C) $225 D) $250
Each of the following would shift a nation's production possibilities frontier outward, but which is least likely to be accompanied by an increase in the standard of living?
a. population growth b. increased investment in private physical capital c. increased investment in human capital d. technological advances e. increased investment in infrastructure
If the inflation rate is higher than expected, real income is redistributed from lenders to borrowers
a. True b. False
Economics is the study of how
A) people make money. B) preferences are determined. C) psychology influences preferences. D) people make choices.