Unemployment that arises when there is a mismatch between the quantity of labor demanded and supplied is referred to as:
A) structural unemployment. B) disguised unemployment.
C) frictional unemployment. D) cyclical unemployment.
A
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Use the following supply and demand graph for product X to answer the question below.
What would happen if the government taxed the producers of this product because it has negative externalities in production?
A. price would decrease B. demand would decrease C. supply would decrease D. supply would increase
Refer to the scenario above. If Aqua Inc charges a price of $70 for each unit of Good A while Blu Corp . charges a price of $50, Blu Corp . will face a demand of ________ units
A) 1,000 B) 1,500 C) 2,000 D) 3,000
An ideal voting system will not function if a _________ is present, and has the power to enact his or her own preferences.
A. bully B. representative C. consul D. dictator
Suppose you received a 5 percent increase in your nominal wage. Over the year, inflation ran about 2 percent. Which of the following is true?
a. Your real wage increased. b. Your nominal wage decreased. c. Both your nominal and real wages decreased. d. Although your nominal wage rose, your real wage decreased.