Structural unemployment is the result of
A) technological change or foreign competition.
B) normal labor market turnover.
C) a slowdown in the rate of economic expansion.
D) irresponsible workers with poor work habits.
E) changing weather patterns through the year.
A
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In the European Monetary Union, the supply of euros
A) is managed by the individual central banks of the member countries. B) is managed by the European Central Bank. C) is determined by market forces. D) automatically varied in response to short-run fluctuations in the exchange rates of the member nations.
Some economists believe that because the government ______________ discouraged workers as unemployed, the unemployment rate is biased ________________
A) counts; upward B) counts; downward C) does not count; upward D) does not count; downward
Exhibit 8-11 A firm's cost and marginal revenue curves
In Exhibit 8-11, the profit-maximizing output level at the price of $8 is:
A. 0. B. 7. C. 8. D. 10.
Refer to the above graph. To maximize profits, the firm should produce the quantity:
a. 0C b. 0A c. 0K d. 0B