A decline in the demand for labor means the unemployment rate must rise.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Which of the following is NOT a barrier to entry for a monopoly to exist?
a. The critical resource is owned by a single company b. The costs of production make a single producer more efficient than many producers c. International trade agreements restrict production domestically d. The government grants exclusive rights to a single producer
All of the following will cause the reported growth rate in a country to change EXCEPT
A) changes in productivity. B) population changes. C) a shift of the production possibilities curve. D) changes in the number of poor people in the country.
The effects of asymmetric information in the car market can be weakened by:
a. providing a warranty for the product. b. purchasing business interruption insurance. c. inserting a "buyer beware" clause in the agreement. d. buying a "put" option.
Roger lives in Iceland and purchases a snowmobile manufactured in the United States. This purchase is
A. both a U.S. and Icelandic export. B. both a U.S. and Icelandic import. C. a U.S. import and an Icelandic export. D. a U.S. export and an Icelandic import.