The advice to "retrain" would be most appropriate for which of the following types of unemployment?
A) structural unemployment B) core unemployment
C) frictional unemployment D) cyclical unemployment
A
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The __________ market liquidity is, the __________ the bid-asked spread will be
A) higher; wider B) lower; narrower C) higher; narrower D) None of the above.
If demand is more elastic, the portion of an excise tax borne by a buyer will
A. increase. B. decrease. C. be unchanged. D. increase for normal goods, decrease for inferior goods.
Roger lives in Iceland and purchases a snowmobile manufactured in the United States. This purchase is
A. both a U.S. and Icelandic export. B. both a U.S. and Icelandic import. C. a U.S. import and an Icelandic export. D. a U.S. export and an Icelandic import.
Are there any measurement problems that occur with the GDP calculation? Explain.
What will be an ideal response?