The type of unemployment most likely to be experienced by a touring professional golfer is:
a. frictional unemployment
b. structural unemployment.
c. seasonal unemployment.
d. cyclical unemployment.
e. discouraged-worker unemployment.
c
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Which of the following is true regarding this statement? "The president's decision to spend more money on national defense is smart."
A) This is a normative statement. B) The federal government does not face scarcity. C) This topic would be studied in microeconomics. D) Social interest must always be more important than self-interest. E) Ceteris paribus does not apply to the government.
The Herfindahl-Hirschman Index is used to ________
A) measure the price elasticity of demand faced by a firm B) estimate the degree of competition in an industry C) measure the price elasticity of market supply in an industry D) estimate the profit earned by firms in an industry
A decrease in the supply of steel results in a shortage of steel at the original equilibrium price. Explain how market forces will act to eliminate the shortage
What will be an ideal response?
What are the arguments against the redistribution of income?
What will be an ideal response?