Frictional unemployment is often thought to explain relatively short spells of unemployment
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
What is meant by productive efficiency? How does a perfectly competitive firm achieve productive efficiency?
What will be an ideal response?
The situation of oligopoly suggests
A) many firms compete in an industry. B) mergers have not occurred. C) interdependence among firms. D) no barriers to entry exist.
A housecleaning company receives $25 for each house cleaned. The table below gives the relation between the number of workers and the number of houses that can be cleaned per week. 
Based on the above info, the marginal revenue from the fourth worker is
A. $ 30. B. $6. C. $750 D. $150. E. none of the above
Which of the following accurately shows the difference between (A) those who criticize advertising and (B) those who support advertising?
a. (A) claims ads provide misleading information; (B) claims ads provide helpful information. b. (A) claims ads promotes substitutes; (B) claims ads reduce substitutes. c. (A) claims ads reduce prices; (B) claims ads increase prices. d. (A) claims ads enhance consumer tastes; (B) claims ads alter consumer tastes.