Which of the following people is frictionally unemployed?
A) Samantha, who worked part-time in J.C. Penney to help with the Christmas rush but was laid off in January
B) Amanda, a sales associate at J.C. Penney who quit her job to attend school full time
C) Tran, a building construction supervisor who was fired because of a downturn in the building industry that is the result of a general downturn in the economy
D) Eugene, a pharmaceutical drug salesman who was laid off when his company lost a large contract with an HMO
E) Cara, an executive who lost her job because her company could not compete with foreign competition and whose skills are not wanted by other companies
D
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When did NAFTA go into effect?
What will be an ideal response?
If GDP increases in the model of public goods
A) people are richer, so they need less public goods. B) there is substitution from private goods to public goods. C) if the government provides public goods optimally, public and private goods production both increase. D) all of the increase in GDP goes into public goods.
The following is an example of risk aversion
a. those applying for a well-paid job tend to be the most qualified b. more reckless drivers opt for cars with fewer safety devices c. the contractor with the lowest bid for a is under-qualified d. Initial Public Offerings (IPOs) seek investors when prospects look good
A rise in interest rates leads to:
a. an increase in the PDV of profits from owning a machine. b. a decrease in the PDV of profits from owning a machine. c. offsetting the effects on the costs and benefits of owning a machine. d. no effect on either the costs or benefits of owning a machine.