A plumber quits his job in Dallas and moves to San Francisco where additional plumbers are needed, but it takes a couple of months for him to find a job. He is said to be:
A. Frictionally unemployed
B. Structurally unemployed
C. Cyclical unemployed
D. Underemployed
A. Frictionally unemployed
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Using the economic way of thinking, complete the following sentence: "One person's profit is
A) a sign of sinful activity." B) the result of uncertainty." C) only a matter of luck and chance." D) another person's loss."
Assume the government was to levy a tax of $100 per person on every individual in the country. Would this tax be characterized as proportional, progressive or regressive? Make sure to explain your reasoning
What will be an ideal response?
Which of the following statements is correct?
a. Purchasing Power Parity occurs when nominal interest rates are the same in two countries. b. Purchasing Power Parity means that the nominal exchange rate is 1 to 1. c. Purchasing Power Parity means that two countries have the same standard of living. d. Purchasing Power Parity means that the real exchange rate equals 1 to 1.
In the circular-flow diagram, the two types of markets in which households and firms interact are the markets for goods and services and the markets for factors of production
a. True b. False Indicate whether the statement is true or false