How will increased usage of the Internet by employers and employees influence the job search process
What will be an ideal response?
It will make job-related information less costly and, therefore, tend to reduce the rate of unemployment
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In the late 1990s, the U.S. federal government had a budget surplus. If there is no Ricardo-Barro effect, these surpluses ________ the supply of loanable funds and ________ the real interest rate
A) increased; lowered B) decreased; lowered C) increased; raised D) decreased; raised E) did not change; did not change
Due to capacity constraints, the price elasticity of supply for most products is:
A) the same in the long run and the short run. B) greater in the long run than the short run. C) greater in the short run than in the long run. D) too uncertain to be estimated.
Union membership over the last five decades has
a. grown at the same rate as the labor force b. become much more attractive and has grown more rapidly than the labor force c. become much more attractive d. grown more rapidly than the labor force e. declined
Macland can produce 210 sweaters or 30 airplanes. Microland can produce 150 sweaters or 10 airplanes. Since Macland can produce more than Microland,
a. Macland will benefit from trading, but Microland will not as it does not have an absolute advantage. b. neither country will benefit from trade because Macland has an absolute advantage in both goods. c. both Macland and Macroland will benefit as the opportunity costs are different. d. Microland will benefit, but Macroland will not because it has an absolute advantage in both goods.