An auto worker in Ohio who loses her job because the company relocated the plant to another country represents an example of
A. cyclical unemployment.
B. structural unemployment.
C. frictional unemployment.
D. seasonal unemployment.
Answer: B
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If the government increases its purchases of goods and services by $3,000 and the MPC is 0.8, GDP and income will eventually increase by
A) $2,400. B) $6,000. C) $15,000. D) $24,000.
In South Asia and Sub-Saharan Africa, about what share of output is contributed by agriculture?
(a) One tenth. (b) One fifth. (c) Two fifths. (d) One half.
A(n)_______ is a numeric value assigned to credit habits, bill paying, and history
a. FICO Score b. Annual percentage score c. Financial Score d. FDIC Score
If a pair-wise majority vote was held and the voters' preferences are shown in the table, which option would win overall?
A. Public transportation
B. Public zoo
C. Public parks
D. It is impossible to predict which option would win.