The phenomenon of underutilization of labor during a recession is called
A) labor stockpiling.
B) investing in human capital.
C) labor force stabilization.
D) labor hoarding.
D
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If the price of potato chips increases, other things constant, demand for potato-chip dip will:
a. not change; only quantity demanded will change. b. increase, because the goods are substitutes. c. decrease, because the goods are substitutes. d. decrease, because the goods are complements. e. increase, because the goods are complements.
What are the problems associated with the sale of human organs?
In the United States during the Vietnam War era, as military spending increased:
A. unemployment dropped to very low levels. B. both frictional and cyclical unemployment increased. C. frictional unemployment dropped, but cyclical unemployment increased. D. overall unemployment rates did not change.
When a banker records how many dollars each of his borrowers owes the bank, money is serving as a:
A. Store of value B. Unit of account C. Medium of exchange D. Legal tender