Structural unemployment arises in part because
A) of unrealistic wage expectations.
B) of technological change.
C) people become discouraged when they cannot find jobs.
D) people will not quit their present jobs until they can find suitable employment elsewhere.
E) there are not enough jobs available.
B) of technological change.
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The world real interest rate is
A) set annually by a special commission at the United Nations. B) set annually by a special commission at the International Monetary Fund. C) determined in the international capital market. D) determined daily on the New York Stock Exchange.
During the antebellum period, most international payments were made by
(a) shipping specie. (b) bills of exchange. (c) credit extended by private banks in the U.S. (d) all of the above.
For a college student who wishes to calculate the true costs of going to college, the costs of room and board
a. should be counted in full, regardless of the costs of eating and sleeping elsewhere. b. should be counted only to the extent that they are more expensive at college than elsewhere. c. usually exceed the opportunity cost of going to college. d. plus the cost of tuition, equals the opportunity cost of going to college.
A monopolist produces where P = MC = MR
a. True b. False Indicate whether the statement is true or false