The term frictional unemployment refers to persons who are out of work
A. due to technological change.
B. due to strikes or lockouts.
C. and have given up looking for work.
D. because they are between jobs.
Answer: D
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The purchasing power parity theory helps explain long-run trends in exchange rates, but not short-run fluctuations
a. True b. False
Which of the following is the largest source of revenue for the federal government?
a. corporate income tax b. payroll tax c. personal income tax d. user charges
A market demand curve is found by
A. taking the demand curve of the "representative" consumer. B. adding the prices and the quantities demanded by a consumer. C. adding the quantities demanded for each individual consumer at each price. D. adding the prices each consumer would pay for each quantity.
If a consumer receives 20 units of utility from consuming two candy bars, and 25 units of utility from consuming three candy bars, the marginal utility of the second candy bar is
A) 25 utils. B) 20 utils. C) 5 utils. D) unknown as more information is needed to determine the answer.