Unemployment caused by automation would be broadly classified as
a. structural.
b. frictional.
c. cyclical.
d. induced.
a. structural.
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Policy making that is carried out in response to a rule is
A) restrictive policy making. B) passive policy making. C) determined policy making. D) active policy making.
What is downward wage rigidity?
What will be an ideal response?
A housecleaning company receives $25 for each house cleaned. The table below gives the relation between the number of workers and the number of houses that can be cleaned per week. 
Based on the above info, if the wage rate of a housecleaner is $130, what is the maximum amount of profit the company can earn?
A. $750 B. $230 C. $150 D. $ 20 E. none of the above
The social cost attached to monopolies is reflected by the fact that
A) monopolies produce more output than consumers desire to buy. B) consumers pay prices that exceed the marginal cost of production. C) the demand for a monopolist's product is always lower than the demand for the products of perfectly competitive firms. D) consumers are always willing to pay lower prices for a monopolist's product than for the products of perfectly competitive firms.