Which of the following is a source of frictional unemployment?
a. changes in the composition of demand among industries or regions
b. minimum wages
c. labor unions
d. None of the above is correct.
a
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List five shortcomings of GDP which result in GDP not accurately measuring a country's well being
What will be an ideal response?
The government's chief forecasting gauge for business cycles is the:
a. unemployment rate. b. real GDP. c. personal income index. d. index of leading indicators.
Handicap access to buildings is becoming very expensive for many operators of public buildings. Are the laws mandating such alterations based on social efficiency or some other criteria?
What will be an ideal response?
If a consumer has an income of $200, the price of X is $5, and the price of Y is $10, the maximum quantity of X the consumer is able to purchase is:
A. 20. B. 10. C. 5. D. 40.