The unemployment that is caused by changes in the economy, such as shifts in manufacturing techniques, increased use of computers and electronic machines, and increases in the production of services instead of goods, is called
A) frictional unemployment.
B) structural unemployment.
C) cyclical unemployment.
D) natural unemployment.
B
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U.S. government regulation of social and economic activity
A) only began after World War II. B) costs less now than it did in the 1980s. C) has increased steadily since 1970. D) is confined to antitrust law.
If the firm in Figure 23.4 raised the price of its product above $4, the firm would
A. Increase its profits. B. Reduce its total revenue to zero. C. Not affect revenues but increase profits because costs would decrease. D. Increase its total revenue but not its profits because costs would increase.
The nations of the eurozone have:
A. abandoned their national currencies and switched to a common currency. B. abandoned their national currencies and switched to American dollars. C. formed a single country called the Union of European Nations (UEN). D. recently admitted 10 new members.
Automobile manufacturers often use incentive programs, including special financing rates and cash rebates, to increase sales. However, a customer is usually restricted to choosing either the low financing rate or the rebate, but not both
Is this an example of price discrimination? If so, what type? Explain your reasoning.