Frictional unemployment
a. can be created both by workers quitting to find more suitable jobs and changes in a country's comparative advantages.
b. can be created by workers quitting to find more suitable jobs but not by changes in a country's comparative advantages.
c. can be created by changes in a country's comparative advantages, but not by workers quitting to find new jobs.
d. is not created by workers quitting to find more suitable jobs nor by changes in a county's comparative advantages.
a
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Suppose one knows two facts: first, the market for prescription drugs experiences chronic shortages and second, the government sets the price for prescription drugs. One can conclude that the government has:
A. encouraged buyers to hoard prescription drugs. B. set the price too high. C. set the price above the equilibrium price. D. set the price below the equilibrium price.
Suppose that a mutual fund, Washington Peak Strategic Bond Fund, believes it has hit upon a winning investment strategy.The fund uses an active management strategy to try to outperform the bond market
According to Washington Peak's prospectus, investors need to pay fees of 2 percent annually.Based on the historical success of their active investment strategy, the strategy is projected to generate annual returns (once fees are paid) of 8 percent. A friend of yours is considering investing in Washington Peak and asks you for investment advice. What would you suggest?
When individuals are unemployed because they lack the qualifications to fill available jobs, this is called:
a. frictional unemployment. b. natural unemployment. c. cyclical unemployment. d. structural unemployment.
What are the two components of federal spending?
What will be an ideal response?