The duration of an unemployment spell is a measure of the:
A. number of workers unemployed during a specific period of time.
B. length of time a spell of unemployment lasts.
C. income lost while unemployed.
D. number of times during a year a worker becomes unemployed.
Answer: B
You might also like to view...
In terms of which party or parties capture any gains from a land transaction, what is the difference when land is acquired through eminent domain and when land is acquired through the bargaining process?
What will be an ideal response?
In a perfectly competitive resource market, the labor supply curve facing the single firm is
A) vertical. B) horizontal. C) downward sloping. D) upward sloping.
The government's decision to come to the aid of farmers was made, in part, because the government feared that
a. farms were becoming too large and inefficient as a result of continuous changes in farm technology b. because food prices had become so high, low-income families were unable to maintain a minimal nutritional diet c. falling farm prices would depress the farm economy and that depression would spread to other sectors of the economy d. price supports would distort farm prices e. insufficient food supplies would be produced to feed a growing population
A famous novelist holds the copyright to her literary works. She creates a monopoly by: a. limiting the number of books she writes
b. cutting down per unit production cost. c. restricting other authors from plagiarizing her work. d. restricting the demand for her books.