Give an example of a structurally unemployed person
What will be an ideal response?
A person who loses his or her job because his firm had to close because of foreign competition or because he or she no longer possesses the skills necessary for a job is structurally unemployed.
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At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . If the player were to be made indifferent between playing the game or not, how much should the owner charge him?
a. $30 b. $40 c. $50 d. $80
Waybelow Normal University has found it necessary to institute a crime-control program on its campus to deal with the high costs of theft and vandalism. The university is now considering several alternative levels of crime control. This table shows the expected annual costs and benefits of these alternatives. Total Costs Per YearTotal Benefits Per Year (Reduction in the Costs of Crime)Level One - 1 Security Officer$20,000$80,000Level Two - 1 Security Officer with Guard Dog30,000120,000Level Three - 1 Security Officer with Guard Dog and Patrol Car40,000140,000Level Four - 2 Security Officers with Guard Dog50,000155,000Level Five - 2 Security Officers with Guard Dog and Patrol car60,000160,000Refer to the above information. Based on cost-benefit analysis, Waybelow should undertake:
A. Level Two. B. Level Three. C. Level Four. D. Level Five.
People in Selena’s country are brought up knowing that saving their money is a good idea, but that a little spending is also okay. As a result, Selena’s nation will be able to ______.
a. consume more in the future b. pay lower wages to workers c. produce everything it needs d. avoid investing in new capital
If households decrease the amount of bank account withdrawals, the consumption function may shift upward.
Answer the following statement true (T) or false (F)