The United States exports approximately ________ percent of all goods and services produced in the country.
A. 16.
B. 8.
C. 3.
D. 13.
Answer: D
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Which of the following groups of people will be considered as unemployed?
A) Workers who experienced a wage cut due to recession B) Housewives raising kids at home and not looking for jobs C) Employees working in public sector undertakings D) Agricultural workers who are unemployed and have been looking for jobs for the last four weeks
Producer surplus from a unit of output is the difference between the market price and the seller's cost of producing that unit
a. True b. False Indicate whether the statement is true or false
Which of the following will not lead to a leftward shift in the SRAS curve?
A) an increase in wage rates B) an increase in the prices of nonlabor inputs C) an increase in productivity D) an adverse supply shock
Structural unemployment can be caused by all of the following EXCEPT:
A) minimum wages. B) labor unions. C) efficiency wages. D) fluctuations in the business cycle.