An increase in cyclical unemployment will result in
A) an increase in structural unemployment.
B) an increase in the unemployment rate.
C) an increase in the natural rate of unemployment.
D) a decrease in frictional unemployment.
B
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Comment on the following statement: "An increase in the wage always leads to an increase in the quantity of labor supplied."
What will be an ideal response?
If Australia has relatively more land per worker, and Belgium has relatively more capital per worker, then if trade began between these two countries
A) the relative price of the land-intensive product would increase in Australia. B) the relative price of the capital-intensive product would increase in Australia. C) the relative price of the land-intensive product would increase in Belgium. D) the relative price of the capital-intensive product would decrease in Belgium. E) relative product prices would diverge between Australia and Belgium.
The takeover process does not use up capital; it merely redistributes it.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 8.6 below to answer the question(s) that follow. 
Figure 8.6 Refer to Figure 8.6. Curve 3 is Outdoor Equipment's
A. marginal cost curve. B. average variable cost curve. C. average fixed cost curve. D. average total cost curve.