The portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries is ________ unemployment.
A. frictional
B. cyclical
C. seasonal
D. structural
Answer: D
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How is a firm's labor demand affected during a recession if wages are downwardly rigid?
What will be an ideal response?
Suppose that a monopolist must choose between two points on its demand curve: it can sell 100 units for $3 each, or it can sell 140 units for $2 each. Which of the following is true?
a. The monopolist is facing elastic demand. b. The monopolist is facing unit elastic demand. c. The monopolist is facing inelastic demand. d. The monopolist is facing perfectly elastic demand. e. The elasticity of demand cannot be determined with the information given.
Any restriction on the ease of exchanging on currency for another tends to harm
A. both the prospective import purchaser and the prospective export manufacturer. B. no one. C. only the prospective purchaser of imported goods. D. only the prospective manufacturer of goods for export.
Marginal cost is defined as:
A. total variable cost resulting from a one-unit increase in quantity. B. quantity resulting from a one-unit increase in total variable cost. C. the change in total cost resulting from a one-unit increase in the change in quantity. D. the change in quantity resulting from a one-unit increase in the change in total variable cost.