In recent times, there has been a decline in the sale of newspapers in the U.S. as people prefer to read the news on the internet. This has caused many newspaper journalists to lose their jobs. This is an example of:
a. structural unemployment.
b. frictional unemployment.
c. cyclical unemployment
d. seasonal unemployment.
e. underemployment.
a
You might also like to view...
Which of the following is a measure of the cost of goods and services bought by firms?
a. consumer price index b. employment cost index c. GDP deflator d. producer price index
Refer to Scenario 7.7 below to answer the question(s) that follow. SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively. Refer to Scenario 7.7. Diminishing returns to labor set in with the ________ worker.
A. first B. second C. third D. fourth
Economists will often argue that an individual trade barrier designed to help a particular industry will work even though on net it won't help the economy as a whole. Explain what this means
What will be an ideal response?
Which of the following is an essential feature of any economic system?
a. absolute advantage b. the profit motive for producers c. a voting procedure for choosing leaders d. prices determine resource allocation e. scarce resources