For a worker to be potentially available, he or she must
A. have the skills required by the firm and be in the relevant geographic market.
B. know about the jobs available at a particular firm.
C. be in the relevant geographic market and be willing to work for minimum wage.
D. have most of the skills required by the firm only.
Answer: A
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Current income minus spending on current needs equals:
A. transfers. B. wealth. C. saving. D. investment.
Capital is appropriately classified as a
A. flow. B. process. C. stock. D. growth rate.
A nation's real GDP per capita is the ratio of real GDP to population
a. True b. False Indicate whether the statement is true or false
Making more frequent, but smaller cash withdrawals from banks ________ the inflation losses from holding cash and ________ the shoe leather costs of inflation.
A. reduces; increases B. increases; increases C. reduces; has no impact on D. increases; reduces