A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in:
A. frictional unemployment.
B. structural unemployment.
C. cyclical unemployment.
D. a higher labor force participation rate.
Answer: B
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In all cases, microeconomics deals with
A) what is. B) what should be. C) relatively small units in the economy. D) the entire economy.
Table 10.1Refer to Table 10.1, which shows the relationship between the price that Gladys charges for a product and the quantity of that product that Gladys sells. The marginal revenue that Gladys receives from selling the fourth unit of output is:
A. $3. B. $6. C. $10. D. $24.
When weighing the efficiency of monopolistic competition, which of the following should be considered?
i. The information provided by advertising ii. Product variety iii. The extra cost of excess capacity A) ii only B) i and iii C) ii and iii D) i, ii, and iii E) iii only
A risky small business stands the best chance of finding external financing from
A) a commercial finance company. B) a commercial bank. C) an investment bank. D) trade credit.