An example of frictional unemployment is a(n):
a. textile worker permanently laid off due to jobs lost to imports.
b. engineer permanently laid off due to advances in technology.
c. fast-food restaurant worker who quits work and attends college.
d. computer programmer who leaves one job and accepts a new job.
d
You might also like to view...
The table above has information about the CPI, nominal wage rate, and nominal interest rate for the country of Syldavia for the years 2010 to 2012. The reference base year is 2010. The real interest rate in Syldavia during 2012 was
A) 2.8 percent. B) 5.2 percent. C) 9.0 percent. D) 0.6 percent. E) 8.4 percent.
What does the study of the balance of international trade and finance between 1790 and 1860 help American economic historians do?
(a) Understand what the U.S. sold to the rest of the world (b) Understand what the rest of the world sold to the U.S. (c) Determine if there is a link between these international patterns and economic growth in the U.S. (d) All of the above
According to the classical economists, unemployment was a temporary deviation from equilibrium, and certain forces in the economy would return it to full employment. Such forces did not include
a. price competition. b. wage competition. c. a variable rate of interest. d. discretionary government spending.
What is producer surplus? How is it different from consumer surplus?