An increase in unemployment benefits ________ and an increase in international competition that changes the location of jobs ________

A) increases frictional unemployment; increases structural unemployment
B) increases structural unemployment; decreases frictional unemployment
C) decreases cyclical unemployment; decreases cyclical unemployment
D) decreases cyclical unemployment; increases cyclical unemployment
E) decreases structural unemployment; decreases cyclical unemployment


A

Economics

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The principle that "as one input increases while the other inputs are held fixed, output increases at a decreasing rate" is known as the

A) marginal principle. B) principle of diminishing returns. C) principle of opportunity cost. D) spillover principle.

Economics

A likely explanation for the 2008-2009 recession is

A) an increase in energy prices. B) financial market problems. C) a drastic reduction in government expenses. D) an increase in taxes.

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Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at $0.20 per pound when 500 pounds are grown. If the long-run supply curve is horizontal, then

A) some firms will enjoy long-run profits because they operate at minimum average cost. B) the long-run price will be $0.20 per pound. C) each consumer will purchase $100 worth of potatoes. D) the long-run price will be set just above $0.20 per pound.

Economics

Price controls often generate

A. greater price flexibility. B. rapid adjustment to market-clearing prices. C. more efficient markets. D. black markets.

Economics