Which of the following types of unemployment would best characterize a swimming instructor's unemployment during the winter months?
A. Structural unemployment.
B. Frictional unemployment.
C. Seasonal unemployment.
D. Cyclical unemployment.
C. Seasonal unemployment.
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A Japanese businessman opened an automobile showroom in Singapore this year. His income will lead to a(n) ________
A) increase in the GDP of Singapore B) decrease in the GDP of Singapore C) increase in the GDP of Japan D) decrease in the GDP of Japan
During the first four years of the Great Depression, the price level fell an average of 10 percent per year
a. True b. False
The theory of the kinked demand curve is that
A. although the firm sells a differentiated product, too many competitors exist to make it worthwhile speculating on responses to the firm’s behavior. B. freedom of entry will reduce profits to zero. C. a firm’s competitors will follow it in a price decrease but not follow it in a price increase. D. firms are all seeking the position of joint profit maximization.
The United States is a mixed economy because there is a ______________________ sector and a _______________ sector.
Fill in the blank(s) with the appropriate word(s).