Auto workers laid off from Hot-Rod Autoworks as the result of a recession are considered
A) seasonally unemployed. B) frictionally unemployed.
C) structurally unemployed. D) cyclically unemployed.
D
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Assume that your roommate is very messy. Suppose she gets a $25 benefit from being messy but imposes a $50 cost on you. The Coase theorem would suggest that an efficient solution would be for you to
a. pay your roommate at least $25 but no more than $50 to clean up after herself. b. pay your roommate at least $51 to clean up after herself. c. charge your roommate at least $25 to have you clean up after her. d. charge your roommate at least $50 but no more than $100 to keep you from complaining about the mess.
Refer to the accompanying table. As the firm increases the number of employees per day each day from 1 to 2, output increases by:Output Per DayNumber of Employees Per Day00331662994132716511
A. 33 units. B. 132 units. C. 99 units. D. 66 units.
The CIO was formed as a(n)
A) closed shop. B) association of industrial unions. C) union shop. D) bilateral monopoly.
When planned investment exceeds saving in a private closed economy:
A. Aggregate expenditures will equal GDP B. Aggregate expenditures will exceed GDP C. Aggregate expenditures will be less than GDP D. Consumption plus investment will equal GDP