Structural unemployment may result from all of the following factors EXCEPT
A) improved elementary and secondary education.
B) union wage contracts.
C) government-imposed licensing arrangements that restrict entry into certain professions.
D) welfare and unemployment benefits.
A
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Relatively high interest rates in the United States contributes to a strong U.S. dollar (less dollars per another currency) and this may lead to a deficit on the U.S. current account
Indicate whether the statement is true or false
If the demand for a good increases at the same time the supply of the good decreases, what happens to equilibrium price and quantity?
A. Equilibrium quantity increases, but the effect on equilibrium price is ambiguous. B. Equilibrium quantity decreases, but the effect on equilibrium price is ambiguous. C. Equilibrium price increases, but the effect on equilibrium quantity is ambiguous. D. Equilibrium price decreases, but the effect on equilibrium quantity is ambiguous.
Most individuals borrow:
A. using a financial intermediary because it lowers the cost of borrowing. B. using a financial intermediary, but would save money if they financed directly. C. without using financial intermediaries, preferring credit cards. D. directly without the use of a financial intermediary.
Refer to the above graph of a representative firm in monopolistic competition. What does line 1 represent?
A. Marginal cost B. Demand C. Marginal revenue D. Average total cost