Who from among the following would be classified as employed?
A. Mario Faubert, a NHL hockey player at home sick with the flu.
B. Jack Little, a 21 year old new college graduate actively looking for his first job.
C. Brenda Smith, an 18 year old full-time college student.
D. Sarah Lopez, a retired public school teacher.
Answer: A
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In 2015, JPMorgan Chase announced it was laying off employees. The employees who were laid off due to the business cycle would be considered
A) structurally unemployed. B) seasonally unemployed. C) cyclically unemployed. D) frictionally unemployed.
Define productive efficiency. Does productive efficiency imply allocative efficiency? Explain
What will be an ideal response?
A natural monopoly maximizes profits at the point at which price equals minimum average total cost
a. True b. False Indicate whether the statement is true or false
A movie star was paid $1 million in 1960 to do a movie. The CPI was 29.3 in 1960 and the CPI in 2014 was 240. Approximately how much did the movie star earn in 2014 dollars?
A) $0.87 million B) $8.66 million C) $6.44 million D) $7.74 million E) ?$8.19 million