Who of the following would be counted as unemployed in Canada?
A) Sharon is a college student with no job.
B) Doris only works five hours a week but is looking for a full-time job.
C) Maurice has been laid off from his job for 20 weeks but expects to be called back soon.
D) Bogdan has been laid off from his job but does not expect to be called back, and is not looking.
E) Kanhaya has stopped looking for work since he was unable to find a suitable job during a two -month search.
C) Maurice has been laid off from his job for 20 weeks but expects to be called back soon.
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In a situation of mutual interdependence and identical products, managers of oligopolistic firms ________ a response to their rivals' actions and ________ compete on price.
A) do not have; should B) have; should C) do not have; should not D) have; should not
If the Fed conducts open-market sales, which of the following quantities increase(s)?
a. interest rates, prices, and investment spending b. interest rates and prices, but not investment spending c. interest rates and investment, but not prices d. interest rates, but not investment or prices
Learning economies differ from economies of scale because
A. the former involves rising average costs and the latter involves falling average costs as a result of higher output levels. B. the former involves output in a single period of production and the latter involves cumulative output. C. the first is a short-run phenomenon and the second is a long-run phenomenon. D. the former involves cumulative production and the latter involves rate of production per period.
Related to the Economics in Practice on page 154: According to the Economics in Practice feature, productivity of the firms participating in the United States Technical Assistance and Productivity Program
A. started off declining for the first decade but then grew during the second decade. B. grew only slightly in the first few years and then stopped growing in the years that followed. C. grew by 15 percent in the first year and continued to grow for more than a decade afterward. D. doubled during the first two years and then declined for the rest of the decade.