Joshua Kohn worked 40 years assembling typewriters at Smith-Corona in Los Angeles, California. When the demand for typewriters fell because people switched to using computers, Josh and 500 others were laid off. He tried to find another job but the particular skills he had acquired at Smith-Corona were no longer useful. The unemployment Josh experienced was
a. cyclical
b. structural
c. permanent
d. frictional
e. voluntary
B
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Production points inside the PPF are
A) efficient but not attainable. B) efficient and attainable. C) inefficient and not attainable. D) inefficient and attainable.
Use the list of items below to answer the question that follows.1.Money market mutual funds held by individuals 2.Savings deposits, including money market deposit accounts 3.Currency held by banks 4.Currency held by the public 5.Shares of corporate stock 6.Small time deposits 7.Checkable deposits 8.Large time deposits Refer to the above table. Which items are included in neither the M1 money supply nor the M2 money supply?
A. 1, 2, and 6 B. 1, 6, and 8 C. 3, 5, and 8 D. 3, 4, and 7
A legal entity that may conduct business in its own name just as an individual does is a(n)
A) corporation. B) entrepreneur. C) proprietorship. D) partnership.
If the value of net exports is positive, then
A. exports equal imports. B. exports exceed imports. C. imports exceed exports. D. imports are zero.