Structural unemployment exists because
A. workers may not be willing to accept jobs at the going wage rate.
B. of fluctuations in economic activity.
C. technological changes make the skills of the workers incompatible with the skills used on the job.
D. it takes time for people seeking jobs and employers seeking workers to find each other.
Ans: C. technological changes make the skills of the workers incompatible with the skills used on the job.
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Which of the goals pursued by policymakers in an open economy is desirable because it reduces the uncertainty of conducting economic activity across borders?
A) exchange-rate stability B) monetary policy independence C) free capital flows D) appreciation of the domestic currency
A government strong enough to protect individual rights is also strong enough to violate them
a. True b. False
Almost all economists agree that tariffs and import quotas
a. reduces general economic welfare. b. increases general economic welfare. c. have no effect on general economic welfare. d. stimulate a less than fully employed economy.
Which of the following is true of the simple spending multiplier?
What will be an ideal response?