Categories of unemployment include frictional unemployment, structural unemployment, cyclical unemployment, discouraged workers, and the underemployed
Indicate whether the statement is true or false
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Over time, nations tend to converge to
A) the same balanced growth path and same income per capita. B) the same balanced growth path but varying income per capita. C) different balanced growth paths but the same income per capita. D) different balanced growth paths because of varying income per capita.
Globalization has made economies of scope:
A. less important to firms because global corporations can segment the production process. B. less important to firms because global corporations do not have to segment the production process. C. more important to firms because global corporations can segment the production process. D. more important to firms because global corporations do not have to segment the production process.
Refer to Figure 4.8. If half of your friends go to the beach and half go to the park, you will receive the highest payoff by
A) going to the park. B) going to the beach. C) You will receive the same payoff whether you choose the beach or the park. D) You cannot determine your highest payoff from the data in the figure.
What are the limitations to the Fed's independence?
What will be an ideal response?