A lumberjack loses his job because timber cutting restrictions were imposed by the EPA to protect the spotted owl habitat. This lumberjack would be
A) cyclically unemployed. B) frictionally unemployed.
C) structurally unemployed. D) seasonally unemployed.
C
You might also like to view...
The classical economist holds that interest rates are set by
A. the government. B. banks. C. supply and demand. D. None of the choices are correct.
Applied to trade in two goods between two countries, the principle of comparative advantage does not suggest that
a) a nation with an absolute disadvantage in producing both goods will have a comparative advantage in producing one of them b) the two nations will specialize in the production of different goods c) both nations will equally benefit from trade d) consumption possibilities will exceed production possibilities after trade e) each nation will import the good whose opportunity cost of production is higher at home than abroad
Which of the following will cause an increase in U.S. gross exports?
A. An increase in U.S. consumer income. B. An increase in foreign consumer income. C. A decrease in foreign business income. D. A decrease in foreign business investment.
With a proportional tax, higher-income persons will pay:
A. The same amount of taxes as lower-income persons B. A bigger amount in taxes compared to lower-income persons C. A higher proportion of their income in taxes than lower-income persons D. A higher marginal tax rate as their incomes rise