A jobless recovery occurs when
A) no jobs are created in an economy after a recession ends.
B) employment continues to fall at the beginning of a recovery.
C) only low-quality jobs are created in a recovery.
D) most of the new jobs created in a recovery are overseas.
B
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If there are many close substitutes available for a good, its elasticity of demand will be higher.
Answer the following statement true (T) or false (F)
Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, what is the market quantity demanded at a price of $3?
A) 6
B) 9
C) 15
D) 20
Answer the following statement(s) true (T) or false (F)
1. According to the Clean Air Act, the newly GHG emissions standards on mobile sources triggered regulatory requirements for stationary sources. 2. Under a bubble policy, a facility is allowed to measure its emissions as an average of all releases from that facility. 3. The Acid Rain Program (ARP) was defined in Title II of the Clean Air Act Amendments of 1990. 4. Under the Acid Rain Program (ARP) as initially outlined in the CAAA of 1990, a cap-and-trade allowance program was established for both SO2 and NOX. 5. Under the cap-and-trade program established under Title IV of the Clean Air Act Amendments of 1990, a permanent annual cap for SO2 was set and tradeable SO2 allowances were issued to stationary sources.
Economic efficiency is the primary guide in answering which of the fundamental questions in a market economy?
A. What will be produced? B. How is the output to be produced? C. How can the system accommodate change? D. Who is to receive the output?