Jake just quit his job as a shoe salesman and is looking for work as an accountant, which is what his college degree is in. Jake would be considered:
A. frictionally unemployed.
B. structurally unemployed
C. cyclically unemployed.
D. Jake is not in the labor force.
A. frictionally unemployed.
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Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Mia's opportunity cost of producing one bandana is
A) 1/3 of a hair pin. B) 2.5 hair pins. C) 3 hair pins. D) 9 hair pins.
The ability of an economy to produce greater levels of output in the same period of time is called:
a. positive economics. b. negative economics. c. economic growth. d. marginal productivity.
Diversification of a portfolio
a. can eliminate market risk, but it cannot eliminate firm-specific risk. b. can eliminate firm-specific risk, but it cannot eliminate market risk. c. increases the portfolio's standard deviation. d. is not necessary for a person who is risk averse.
If you want a say in the management of a corporation, you should buy
A. preferred stock. B. either bonds or preferred stock. C. common stock. D. bonds.