If Trevon voluntarily quits one job, possesses marketable skills, and expects to find a new job in a few weeks, then Trevon is considered
a. frictionally unemployed.
b. cyclically unemployed.
c. seasonally unemployed.
d. structurally unemployed.
e. unwise to quit his job without already having another one.
A
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Capital and labor are distinct from technology since ________
A) technology is exogenous B) technology is rival in its use C) capital and labor are physical things D) technology is a physical thing
A capitation arrangement between the plaintiff and the defendant in a lawsuit helps to reduce the problems of monitoring and uncertainty associated with a principal/agent relationship
Indicate whether the statement is true or false
If the price index was 90 in year 1, 100 in year 2, and 95 in year 3, then the economy experienced
a. 10 percent inflation between years 1 and 2 ,and 5 percent inflation between years 2 and 3. b. 10 percent inflation between years 1 and 2, and 5 percent deflation between years 2 and 3. c. 11.1 percent inflation between years 1 and 2, and 5 percent inflation between years 2 and 3. d. 11.1 percent inflation between years 1 and 2, and 5 percent deflation between years 2 and 3.
Historically speaking, a one-dollar decrease in household wealth will cause consumer spending to fall by:
A. $0.30 to $0.70. B. $3.00 to $7.00. C. $0.03 to $0.07. D. $30.00 to $70.00.