The category of unemployment that is a byproduct of geographic and occupational mobility and generally considered to be a limited problem is:
a. frictional unemployment.
b. underemployment
c. cyclical unemployment.
d. structural unemployment.
a
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An economy's standard of living grows over the long run because of:
a. better international competitiveness. b. centralized planning and decision making. c. increase in the amount and quality of resources. d. stringent foreign trade policies.
When foreigners come to the United States as tourists, they are generating a
A. Supply of U.S. dollars and a supply of a foreign currency. B. Supply of U.S. dollars and a demand for a foreign currency. C. Demand for U.S. dollars and a supply of a foreign currency. D. Demand for U.S. dollars and a demand for a foreign currency.
With a given supply curve, a decrease in demand leads to
A. a decrease in equilibrium price and a decrease in equilibrium quantity. B. an increase in equilibrium price and a decrease in equilibrium quantity. C. no change in price and a decrease in equilibrium quantity. D. a decrease in equilibrium price and an increase in equilibrium quantity.
Refer to the information provided in Figure 6.4 below to answer the question(s) that follow.
Figure 6.4Refer to Figure 6.4. Bill?s budget constraint is AC. His budget constraint would shift to AD if the price of
A. black beans increased. B. bell peppers decreased. C. bell peppers increased. D. black beans decreased.