After completing college, Mohamed spent three months looking for a job. During this period, Mohamed would be classified as
A. cyclically unemployed.
B. frictionally unemployed.
C. structurally unemployed.
D. not in the labor force.
Answer: B
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Country A produces 10 chairs and 6 tables using its resources. Country B produces 12 chairs and 18 tables. Determine the comparative advantage and the absolute advantage that both countries enjoy
What will be an ideal response?
A major reason for regulating the financial sector is to facilitate __________ policy
A) monetary B) fiscal C) antitrust D) merger
Suppose that the income elasticity of demand for fresh vegetables is 0.26 . If buyers' incomes rise by 10 percent, then
a. the demand curve for fresh vegetables will shift to the left b. the quantity of fresh vegetables demanded will rise by 2.6 percent c. the quantity of fresh vegetables demanded will rise by 12.6 percent d. there will be a movement down and to the right on the demand curve for fresh vegetables e. there will be a movement up and to the left along the demand curve for fresh vegetables
An increase in the marginal propensity to consume will result in a(n): a. steeper consumption function
b. flatter consumption function. c. upward shift of the consumption function. d. downward shift of the consumption function.