Structural unemployment is increased when the wage is kept above the market-clearing wage by:
A. worker mobility.
B. skill-biased technological change.
C. labor unions.
D. unemployment insurance.
Answer: C
You might also like to view...
Suppose that a price-discriminating monopolist divides its market into two segments. If the firm sells its product for a price of $42 in the market segment where demand is relatively less elastic, the price in the market segment whose customers' demand is more elastic will be
a. $42 b. greater than $42 c. less than $42 d. less than marginal revenue in that market segment e. equal to marginal revenue in that market segment
The most important factor in determining a nation's standard of living in the long run is the productivity of its resources
a. True b. False Indicate whether the statement is true or false
If two economists disagree on an issue and their disagreement is based on personal value judgments, then this controversy is a normative one
a. True b. False
Regulators usually encourage natural monopolists to engage in
A. marginal cost pricing. B. marginal cost pricing, with subsidies from the government offsetting the losses. C. average cost pricing. D. inefficient pricing.