When Joe, who is among the highest-paid workers in a field in which there are numerous job openings across the nation, recently became unemployed, his opportunity cost of job search is
A. relatively low, so the length of his period of unemployment is likely to be long.
B. average, so the length of his period of unemployment is likely to be long.
C. relatively high, so the length of his period of unemployment is likely to be long.
D. relatively high, so the length of his period of unemployment is likely to be short.
Answer: D
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A bond with a high yield
A. gives investors a high return on their investments. B. gives investors a low return on their investments. C. sells for a high price. D. sells for a low price.
Suppose a report from the Bureau of Labor Statistics states that the CPI for the year 2012 was 152. What is the percentage point increase in the prices of the goods and services since the reference base period?
A) 252 percent B) 100 percent C) 52 percent D) 48 percent E) 152 percent
Usually the imposition of trade barriers affecting a particular good benefits ________ people domestically, each of whom gains a ________
A) a few; little B) a few; lot C) many; little D) many; lot
Average Propensity to Consume (APC) equals
What will be an ideal response?