The ongoing creation and destruction of jobs creates
What will be an ideal response?
frictional unemployment.
You might also like to view...
If producer choice sets are convex and a production plan satisfies the condition that the (marginal) technical rate of substitution is equal (in absolute value) to the ratio of input prices, then the production plan is profit maximizing.
Answer the following statement true (T) or false (F)
Backward induction is a useful tool for:
A. finding an optimal strategy in a sequential game. B. finding an optimal strategy in a simultaneous game. C. analyzing the decisions in a prisoner's dilemma-type game. D. Backward induction is useful in any of these games.
Which of the following are NOT part of the World Bank?
A) International Development Association B) Federal Reserve Bank of New York C) International Center for Settlement of Investment Disputes D) Multinational Investment Guarantee Agency
The market demand curve for a particular good
a. may be horizontal even if the individual consumers' demand curves are downward sloping b. will always shift to the right as the price of the good decreases c. is even more likely to be downward sloping than an individual consumer's demand curve d. will always shift to the right if consumers' incomes increase e. must be flatter than the flattest of the individual consumer demand curves