Structural unemployment is frequently caused by:
a. technological changes that make certain job skills obsolete.
b. temporary layoffs in industries such as construction.
c. the impact of recessions on employment.
d. none of these.
a
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Suppose that Mighty Mike's Sandwich Shop was started in 1998 and 100 percent of the $250,000 needed to start up the company was raised by selling shares of stock. In 2000, the company distributed its entire profit of $15,000 to shareholders
If the market interest rate is 5 percent, what is the level of economic profit earned by the firm's stockholders?
At any given time,
a. planned investment equals planned saving. b. planned investment equals actual investment. c. planned saving equals actual saving. d. actual investment equals actual saving.
Which of the following would not be true of a competitive labor market?
A. Wages would be determined by supply and demand. B. The demand curve for labor would be derived like the demand curve for any other input. C. The demand curve for labor would be the downward-sloping portion of the MRP curve. D. Labor supply would be determined by the marginal revenue product curve.
Suppose that Jack promises that if Jill chooses the high price, he will too. Jill has no incentive to cheat on the agreement.
Answer the following statement true (T) or false (F)