Joann has just lost her job because her company was faced with more foreign competition and decided to restructure, which reduced the number of jobs at the company. Joann is
A) cyclically unemployed.
B) internationally unemployed.
C) structurally unemployed.
D) transported unemployed.
E) frictionally unemployed.
C
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The state Department of Agriculture raised the minimum price for a gallon of milk in the city on Tuesday to $4.37
"If you've got two or three kids and you're living on a fixed income and you're paying half your income on rent," Gioia said, "then you're really in a bind and you're making choices you should never have to make." If even after this price increase Gioia's marginal utility per dollar is higher for milk than for other goods, what should Gioia do? A) increase her consumption of milk B) decrease her consumption of milk C) not change her consumption of milk D) increase her consumption of milk only if her income increases
The price of one currency in terms of another country's currency is known as the
A) nominal exchange rate. B) real exchange rate. C) relative inflation rate. D) purchasing power parity rate.
To save on negotiation costs when buying a car
a. Always go towards the end of the day, when the seller does not get a chance to make a counteroffer b. Threaten to leave if the car dealer says anything but yes to your offer c. Carry only one cashier's check that cannot be modified d. All of the above
The traditional view of monopolistic competition holds that this type of industrial structure is inefficient because
a. there are too few firms to reach an efficient level of production. b. firms do not operate at the output that minimizes average costs. c. more advertising is needed to inform customers about product differences. d. consumers do not have enough choice among the product varieties available.