Structural unemployment exists when
A. the government decides who is unemployed.
B. there are too few workers to fill available jobs.
C. there is a mismatch between worker skills and employer needs.
D. the construction industry lays workers off.
Answer: C
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The Keynesian revolution
a. was an attack on the classical supply-determined, full-employment theory of output and employment. b. attacked the quantity theory of money. c. shared with the classical model the belief that prices and wages are perfectly flexible. d. All of the above e. both a and b.
Human capital is generally acquired through:
A. education, training and experience of workers. B. training, but not academic education. C. job experience, but not training workshops because they are generally specific to certain job types. D. occupational workshops only,because this is where workers attain job focused skills.
If the MPC = 0.75 and a household obtains $50,000 more dollars then how much would the household spend of the additional $50,000?
A. $50,000 B. $12,500 C. $37,500 D. $40,000
Direct controls on polluting activity
a. have never been tried as an instrument of environmental policy. b. have been the chief instrument of environmental policy. c. have been rejected as a tool of environmental policy. d. are the tool of future environmental policy, based on 1993 legislation.