Unemployment caused by people voluntarily quitting work in order to seek more attractive employment is called:
a. the natural rate of unemployment.
b. full employment.
c. cyclical unemployment.
d. frictional unemployment.
e. structural unemployment.
d
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Which of the following would contribute, directly or indirectly, to a deficit in the capital account of the U.S. balance of payments?
a. A British citizen buys stock in Ford. b. A British citizen buys a bond from Ford. c. Interest rates fall in the United States relative to their level in the rest of the world. d. Australian publisher Rupert Murdoch buys The New York Times. e. Developing countries become more stable and so borrow less from U.S. banks.
How might a similar pie chart drawn up for the GDP deflator compare?
a. There would be more segments to the pie and the proportions would vary.
b. There would be the same number of segments, but the proportions would vary.
c. There would be fewer segments to the pie and the proportions would vary.
d. There would be the same number of segments and the proportions would remain the
same.
(Last Word) The "after this, therefore because of this" fallacy states that:
A. because event A precedes event B, A is necessarily the cause of B. B. the very attempt to accomplish a certain objective may create conditions that prohibit the achievement of that objective. C. events may drastically alter plans; one's intentions and actual accomplishments may differ considerably. D. generalizations that are accurate at the level of microeconomics may be inaccurate at the level of macroeconomics.
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.