Sam, who is 55 years old and has been a steelworker for 30 years, is unemployed because the steel plant in his town closed and moved to Mexico. Sam is experiencing:
What will be an ideal response?
structural unemployment.
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"Heteroskedasticity typically occurs in cross-sections, while serial correlation is typically observed in time-series data." Discuss and critically evaluate this statement
What will be an ideal response?
Foreign currency assets held by a government for the purpose of purchasing domestic currency in the foreign exchange market are called:
A. fixed-exchange-rate deposits. B. balance-of-payment currency. C. purchasing-power-parity funds. D. international reserves.
If you can earn $30,000 a year teaching, $20,000 a year making phone apps, $35,000 a year driving a cab, and $40,000 a year as an actor or actress. You have a comparative advantage in
A. making phone apps B. one of them but we need more information to know which. C. being an actor or actress. D. teaching.
An increase in AD will primarily increase output when the economy is on the flat part of the AS curve.
Answer the following statement true (T) or false (F)