Exhibit 12-2 Unemployment categories
Category# ofIndividuals
Frictional unemployment 20
Structural unemployment 35
Cyclical unemployment 60
Discouraged workers 5
Underemployed workers 10
Fully employed workers410
Population900
Using the information in Exhibit 12-2, the number of individuals included in the natural rate of unemployment is
A. 20.
B. 35.
C. 55.
D. 60.
Answer: C
You might also like to view...
A sudden decrease in the market demand in a competitive industry leads to
a. A market equilibrium price higher than the original equilibrium in the short-run b. A market equilibrium price equal to the original equilibrium in the long-run c. Both a and b d. None of the above
Pooling individuals allow insurance companies to _______ risk from a societal point of view.
A. increase B. decrease C. do nothing regarding D. none of these answer options are correct.
Smith and Jones comprise a two-person economy. Their hourly rates of production are shown in the accompanying table. Calculators Per HourComputers Per HourSmith10010Jones1206 If Smith and Jones are dividing their time efficiently and producing more than 10 computers and fewer than 120 calculators per hour, then Smith will ________ and Jones will ________.
A. produce only computers; split his time between computers and calculators B. produce only calculators; produce only computers C. split his time between computers and calculators; produce only computers D. produce only computers; produce only calculators
Refer to the accompanying table. Corey's opportunity cost of delivering of a pizza is making: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. 6 pizzas. B. 1/2 of a pizza. C. 2 pizzas. D. 12 pizzas.