One way for governments to try and minimize the effects of structural unemployment is to:
A. provide information to unemployed people about which professions are experiencing rising demand for labor.
B. subsidize retraining programs for unemployed workers to learn new skills.
C. offer low-interest loans to unemployed workers to go back to school to learn new skills.
D. All of these are ways the government can deal with structural unemployment.
D. All of these are ways the government can deal with structural unemployment.
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To maximize its profit, a monopoly should choose a price where demand is:
A. elastic. B. inelastic. C. unitary elastic. D. vertical.
What is the random walk theory?
What will be an ideal response?
Opponents of government intervention in the economy argue that government's attempts to correct informational problems:
A. will make market transactions much more efficient. B. are not necessary since an efficiently operating market system ensures that adequate information will be provided. C. are justified in most cases though politically difficult to implement. D. often create greater problems, such as FDA restrictions on experimental drugs for AIDS, which could save lives.
Who among the following is neither employed nor unemployed?
a. Veronica, currently jobless because the company she worked in went out of business but who is available for work. b. Robin, who is a journalist working as a news reporter in B2B News Channel c. Mitch, who mows lawns in his neighborhood but does not report his income d. Robert, who works part-time at Kent's Snack Bar as he wants more time to study