After 15 years with Ford Motor Corporation, one summer Cameron loses his job. His boss explained that his position has been downsized after the technological advances in automobile production. Cameron is best considered
A) not in the labor force.
B) frictionally unemployed.
C) structurally unemployed.
D) cyclically unemployed.
E) avoidably unemployed.
C
You might also like to view...
A market in which there is only one seller, and there is no close substitute for the product being sold, is called
A) perfect competition. B) monopolistic competition. C) monopoly. D) oligopoly.
A monopolist will charge a lower price and produce more output than if it was operating in a competitive market
a. True b. False Indicate whether the statement is true or false
Macroeconomics deals with
A. the what, who, and how questions faced by any economy B. the role of prices and markets in allocating outputs C. the determinants of aggregate output, overall levels of prices and inflation, growth, etc. D. all of the above
Assume that U.S. producers can manufacture cookies at a lower opportunity cost than Mexican producers. If this is the case
A) it will not be possible for Mexico to have an comparative advantage in the production of any other products. B) Mexico could still have the comparative advantage in cookie production. C) it would still be possible for Mexico to have a comparative advantage in trade for some other products. D) Mexico would have the comparative advantage in all products compared to the United States.