Which type of unemployment is most likely to help the economy become more efficient?
a. cyclical
b. structural
c. seasonal
d. frictional
e. underemployment
D
You might also like to view...
Real standards of living can only go up with positive economic growth.
Answer the following statement(s) true (T) or false (F)
The growing use of computers led to a substantial increase in the overall U.S. productivity growth from 1995 to 2005
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.
As you move up the production possibility frontier, the absolute value of the marginal rate of transformation
A. initially decreases, then increases. B. increases. C. initially increases, then decreases. D. decreases.