Structural unemployment occurs when
A. workers have quit one job and are looking for a better one.
B. high school graduates enter the labor market every June.
C. the business cycle is in a downturn and people are laid off.
D. the people without jobs have skills that don't match the available job openings.
D. the people without jobs have skills that don't match the available job openings.
You might also like to view...
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
When supply changes there is a ____, and when the price changes there is a ____.
A. movement along the supply curve; shift in the supply curve B. shift in the supply curve; shift in the supply curve C. shift in the supply curve; movement along the supply curve D. movement in the quantity supplied; shift in selling plans E. change in the quantity supplied; change in supply
Suppose the fixed cost of building a nuclear power plant is $1 billion. Suppose also that the only variable cost is the labor of Homer Simpson, and he earns $10 per hour. If the plant generates 1,000 kilowatts each hour, and has already generated 1 billion kilowatts, what can you say about the marginal cost of the next kilowatt?
A. The marginal cost is falling. B. The marginal cost is equal to $.01. C. The marginal cost is equal to $1.01. D. The marginal cost is rising.
For a monopolist:
A. price equals average total cost. B. price is above marginal revenue. C. marginal revenue equals zero. D. marginal cost equals zero.