Eliminating structural unemployment would be good for the economy

Indicate whether the statement is true or false


FALSE

Economics

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In the following table, the United States has a comparative advantage in producing

Potatoes and Wheat Output (tons per hour)
COUNTRYPOTATOESWHEAT
United States42
Ireland31

Economics

An increase in the real wage rate ________ the quantity of labor demanded and ________ the quantity of labor supplied

A) decreases; increases B) increases; increases C) decreases; decreases D) increases; decreases E) does not change; does not change

Economics

For national security reasons a government decides that all of its base metal industry should not be located in the same geographical region, as it presently is

The government decides to allocate production quotas to firms in different parts of the country, but does not restrict in any way the transactions between consumers and base metal producers. This scheme is A) efficient as consumers still buy from whoever they like. B) efficient as those consumers who value base metals the most can purchase them. C) likely to be inefficient as some of the industry's output is not produced by the firms with the lowest cost. D) likely to be inefficient as the scheme will require subsidies to work. E) efficient as learning by doing effects will be strongest in the firms set up in new geographical regions.

Economics

Harry's HVAC sells its new units bundled with after sales service. Why would it want to do that?

a. To ensure that the customer knows that they are stuck with Harry's service technicians b. To ensure that only the highest paid personnel get to service the units c. To ensure that the customers do not buy second-class servicing and then infer faulty design if a unit breaks down due to inadequate service d. All of the above

Economics