The unemployment caused by the time that it takes to match workers and jobs is called:
A. frictional unemployment.
B. the discouraged-worker effect.
C. structural unemployment.
D. wage rigidity.
Ans: A. frictional unemployment.
You might also like to view...
Two firms sell 100% orange juice in 10 ounce bottles. The juice is only good for one week. The two firms have contracts for all the oranges produced in a large geographic area. Each firm decides how many bottles of juice to produce at the same time
This market is best described with a A) Bertrand model. B) Stackelberg model. C) monopolistic competition model. D) Cournot model.
The rule of 70 applies to a growing savings account but not to a growing economy
a. True b. False Indicate whether the statement is true or false
Which of the following will reduce the supply of motorcycles?
a. an increase in the population age 16 to 35, the primary consumers of motorcycles b. an increase in taxes imposed on motorcycle producers c. a technological improvement reducing the production costs of motorcycles d. a government study that reveals motorcycle riders, on average, live 10 years longer than those who don't ride motorcycles
A headline reads "Soccer is the new popular sport among youth." In a competitive market, this situation would lead to a(n):
a. Increase in the price of soccer shoes and decrease in quantity sold b. Decrease in the price of soccer shoes and increase in quantity sold c. Increase in the price of soccer shoes and quantity sold d. Decrease in the price of soccer shoes and quantity sold