Which of the following forms of unemployment probably imposes the greatest personal costs?
A. Cyclical unemployment
B. Structural unemployment
C. Frictional unemployment
D. Voluntary unemployment
Answer: B
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A positive relationship exists between two variables if
A) one variable has "positively" no effect on the other variable. B) a reduction in one variable is associated with an increase in the other variable. C) a reduction in one variable is associated with a decrease in the other variable. D) both variables are inflation-distorted.
How has the distribution of income changed in the past few decades?
What will be an ideal response?
The term “satisficing” for decision-making behavior by many firms was coined by
A. Milton Friedman. B. Adam Smith. C. Herbert Simon. D. Alan Greenspan.
Which of the following will NOT cause a shift in the demand for rewriteable DVDs?
A) a change in taste B) a change in income C) a change in the price of rewriteable DVDs D) a change in the price of rewriteable CDs