Which one of the following people would be counted as unemployed in Canada?
A) Sharon recently began looking for work after staying at home for 10 years to look after her children.
B) Maurice is on a 2 month vacation out of the country but is still looking for a job using the internet.
C) Kanhaya has stopped looking for work since he was unable to find a suitable job during a two -month
search.
D) Doris works only 5 hours a week but is looking for a full -time job.
E) Taylor is a homemaker.
A) Sharon recently began looking for work after staying at home for 10 years to look after her children.
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Using Figure 35.2, the opportunity cost of producing 1 pair of golf shoes in the United States is
A. 1/3 of a baseball. B. 2 baseballs. C. 3 baseballs. D. Less than the opportunity cost in Mexico.
If there are two goods and two countries, then one country can have
A. a comparative advantage in both goods. B. a higher opportunity cost of producing both goods. C. a lower opportunity cost of producing both goods. D. a comparative advantage in only one good.
The fundamental cause of monopoly is
a. incompetent management in competitive firms. b. the zero-profit feature of long-run equilibrium in competitive markets. c. advertising. d. barriers to entry.
Which of the following students would be most likely to drop out of college before completing their degree?
What will be an ideal response?