A person graduates from college, then starts to look for a job. This is an example of
A. cyclical unemployment.
B. frictional unemployment.
C. seasonal unemployment.
D. structural unemployment.
Answer: B
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In the development of the IS curve, one variable that turns from exogenous to endogenous is
A) the interest rate. B) the price level. C) consumption. D) saving. E) investment.
In an economy where net exports are zero, if saving rises in some period, then in that period
a. consumption and investment fall. b. consumption falls and investment rises. c. consumption rises and investment falls. d. consumption rises and investment falls.
Facebook is a social networking website that is used by a growing number of individuals. Because of its popularity, it is now more difficult for new networking websites to enter and compete with Facebook. Facebook enjoys ________ as a barrier for others to enter the market.
A. a network externality B. price discrimination C. a negative externality D. economies of scale
Which of the following is TRUE about the labor force?
A. It includes those over 16 ages old and are employed. B. It includes those over 16 ages old and are unemployed. C. Both A and B are correct. D. None of these is correct.