Which of the following is an example of cyclical unemployment?
A. Dora lost her job when the textile factory closed. She does not have skills to work in another industry and has been unemployed for over a year.
B. Jim had a job as an engineer, but quit when his wife was transferred to another state. He looked for a month before finding a new job that he liked.
C. George is an unskilled worker who mows lawns in the summer, but is unemployed the rest of the year.
D. Marsha was laid off from her job with the airline because the recession reduced demand for airline travel. She expects to get her job back when the economy picks up.
Answer: D
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A group of producers who join forces to buy supplies and equipment and to market their output is a(n) ______
A) not-for-profit organization. B) S corporation. C) producer cooperative. D) sole proprietorship. E) cottage industry.
The term "industrial policy" refers to: a. the policy that industries develop to promote growth
b. the industrial policy related to marketing strategies. c. the illegal activity that firms sometimes engage in to reduce competition. d. the government policy that aims at enhancing the competitiveness of domestic firms. e. the government policy that primarily aims at protecting domestic jobs.
Recall from the text that the first good subjected to rationing during World War II was
a. gasoline b. tires c. copper d. food e. sugar
Higher domestic interest rates encourage
A. U.S. investors to invest abroad. B. foreign investors to withdraw their funds from U.S. investment. C. U.S. investors to withdraw their funds from foreign investment.