Unemployment that results from a mismatch of workers' abilities and skills with current requirements of employers is
A. frictional unemployment.
B. structural unemployment.
C. cyclical unemployment.
D. seasonal unemployment.
Answer: B
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The additional costs you expect to incur if you undertake an activity and the additional benefits you expect to receive if you undertake an activity are called ________ costs and benefits
Fill in the blank(s) with correct word
If soft drink brands are close substitutes for each other, this implies that the price elasticity for individual brands would be low.
Answer the following statement true (T) or false (F)
Members of the Board of Governors serve
A) fourteen year terms. B) four-year terms. C) at the discretion of the Federal Reserve Chairman. D) at the discretion of the President of the United States.
Ahmed is working and is spending more than he is earning by using his savings to make up the difference. Which of the following statements is TRUE?
A) Ahmed is in equilibrium since he pays all of his bills. B) Ahmed is in disequilibrium. C) By using savings Ahmed is using special drawing rights. D) By using savings Ahmed has caused the balance of payments to go into a deficit situation.