Which kinds of jobs are migrating from the United States to less developed countries?
a. manufacturing jobs only
b. manufacturing, IT, and computer jobs
c. IT and computer jobs only
d. medical and legal jobs
Manufacturing, IT, and computer jobs
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Sarah is a full-time student who is not looking for work. What kind of unemployment is Sarah experiencing?
A) frictional B) cyclical C) structural D) Sarah is not experiencing unemployment of any kind, because she is not currently part of the labor force.
Television programming might be targeted for protection in a country using which of the following arguments?
A) Infant industry B) National security C) Need for retaliation D) Labor argument E) Cultural protection
In an attempt to forecast enrollment, a major university hired an economist to give a "head count." One variable which she would probably emphasize more than any other in trying to forecast this is
a. how interested people are in attending college. b. the employment opportunities that college opens up. c. survey results on public interest in education. d. her instinct about what the public wants. e. tuition (the price of attending).
Which of the following is definitely true when nominal GDP increases?
A. The standard of living improves. B. The amount of output increases. C. The value of output increases. D. The production possibilities curve shifts outward.