An important source of structural unemployment is
A) recessions.
B) people looking for the right job decide to change jobs.
C) unemployment insurance benefits.
D) seasonal variations in aggregate demand.
C
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The average price of ten commodities is $330. If an eleventh commodity whose price is $600 is included in the calculation, the new average is:
A) $330.35. B) $450.25. C) $354.54. D) $254.54.
Which of the following would cause a leftward shift of the supply curve for computers?
a. an increase in the price of printed circuit boards used to build computers b. a decrease in the price of electricity c. an increase in incomes of consumers d. a decrease in the price of computers e. a decrease in the size of the population
The distribution of wealth is more unequal than the distribution of income because wealth reflects
a. persistent wage differentials between people of different abilities b. physical assets as opposed to financial assets c. unequal distribution of talents in the population d. unequal access to education e. the distribution of lifetime accumulated assets
Suppose there are two individuals with identical demand curves characterized by the equation P = 2 - Q. What is market demand if these demand curves are added horizontally? Vertically?
What will be an ideal response?