Compared to older workers with several years of experience with one firm, newly hired young workers typically
A. are likely to stay with their job longer.
B. tend to earn more than their experienced colleagues.
C. have more on-the-job training.
D. have more experience.
E. have higher turnover.
Answer: E
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A negative externality
A) occurs under any undesirable event. B) occurs when an action doesn't take into account the costs it imposes on others. C) can be a natural phenomenon, such as being struck dead by a bolt of lightening. D) cannot occur at the same time as a positive externality.
Frictional unemployment
A) includes discouraged workers. B) is voluntary part-time unemployment. C) is unemployment associated normal labor turnover. D) is unemployment associated with declining industries.
Because ________ in the government budget deficit increase the real interest rate, budget deficits can ________ firm investment
A) increases; increase B) decreases; increase C) decreases; decrease D) increases; decrease
In macroeconomic models, prices are assumed to be completely inflexible in:
A. The very short run only B. The short run and remains so over time C. The very long run D. Situations when the changes in demand look to be permanent