A headline reads: "Steel industry suffers slump as import competition increases; unemployment rises." This type of unemployment can best be characterized in economic terms as:
A. frictional.
B. cyclical.
C. natural.
D. structural.
Answer: D
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Production requires savings because production takes time, during which goods and services are not available from current production
Indicate whether the statement is true or false
A stock has a current annual dividend of $6.00 per year and it is expected to grow by 3% (0.03) a year. It is expected that two years from now the stock will sell for $90.00 a share. If the interest rate is 5% (0.05), the dividend-discount model predicts the stock's current price should be:
A. $101.30 B. $94.30 C. $94.90 D. $93.29
Patents are a barrier to entry.
Answer the following statement true (T) or false (F)
The seven members of the Board of Governors of the Federal Reserve are appointed by
A) Congress. B) the President. C) the Governors of the States. D) leaders in the banking industry. E) the Treasury Department.