Unemployment due to the location or skill requirements of job vacancies not matching the location or skills of the unemployed is called ________ unemployment
A) turnover
B) mismatch
C) cyclical
D) natural
B
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Which of the following are regulations that nations in regional trade blocs establish to delineate product categories eligible for trading preferences?
A) trade quotas B) trade tariffs C) rules of law D) rules of origin
Net exports is a positive number when:
A. a nation's exports of goods and services exceed its imports. B. depreciation is greater than gross private domestic investment. C. gross private domestic investment is greater than depreciation. D. a nation's imports of goods and services exceed its exports.
The law of demand shows that:
A. there is an inverse relationship between price and quantity demanded. B. the demand curve is positively sloped. C. when the price of a good increases, the quantity demanded increases. D. individual demand is the same as market demand.
A kink in the demand curve facing an oligopolist is caused by:
A. rapidly rising marginal revenues. B. excessive advertising. C. the belief that competitors will follow price increases but not match price decreases. D. the tendency of competitors to follow price reductions but not price increases.