A software firm moves its headquarters from California to Ireland. The CFO of the software firm is given the opportunity to move to Ireland. He turns down this opportunity because he does not want to move out of the country. While he is searching for a new job within the United States he would be classified as
A. structurally unemployed.
B. cyclically unemployed.
C. frictionally unemployed.
D. not in the labor force because he turned down the opportunity to relocate.
Answer: A
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The market for unskilled labor is illustrated in the figure above. The market is in equilibrium and then a minimum wage of $3 per hour is imposed. Employment will decrease by
A) 0 hours. B) 10 million hours per year. C) 20 million hours per year. D) 30 million hours per year.
Explain and give some examples of governmental policy problems
What will be an ideal response?
Which of the following does not influence the position of the long-run aggregate supply curve?
a. The quantity of raw materials available for production b. The quantity of capital used in production c. The quality of the labor force d. The actual price level e. The size of the labor force
Suppose you manage a baseball stadium. To pay the salary for a star player, you would like to increase the total revenue from ticket sales. Should you increase or decrease the price of a ticket to increase revenue? Explain