The fact that a number of lifeguards lose their jobs at the end of each summer would be counted as
A. structural unemployment.
B. frictional unemployment.
C. seasonal unemployment.
D. cyclical unemployment.
Answer: C
You might also like to view...
The information in the table above gives the 2012 reference base period CPI basket and prices used to construct the CPI for a small nation. It also has the 2013 prices. What is the value of the CPI for 2013?
A) 140 B) 133 C) 100 D) 75
The U.S. factor of production that is most likely to be made worse off because of NAFTA (because its factor payment will fall) is
A) unskilled labor. B) skilled labor C) capital D) All of the above will be made worse off.
Unemployment and inflation are important determinants of short-run material welfare, whereas productivity growth is an important determinant of long-run material well-being.
Answer the following statement true (T) or false (F)
Full pass-through means that a 10°/o rise in the overseas price of an imported good leads to:
a. a 100% rise in the domestic price. b. a greater-than 10% rise in the domestic price. c. a 10% rise in the domestic price. d. a less-than 10% rise in the domestic price.