When displaced workers require retraining before entering the labor force again, it is the result of ________ unemployment.
A. cyclical
B. frictional
C. structural
D. seasonal
Answer: C
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In the above figure, the Lorenz curve for income is shown. If the data used are from the United States, and the U.S. Lorenz curve for wealth was added to the diagram, it would be
A) further from the line of equality than the Lorenz curve for income. B) closer to the line of equality than the Lorenz curve for income. C) above the line of equality. D) the same as the Lorenz curve for income.
The period from 2000 to 2010
A) was a period of high productivity growth. B) was a period with negative productivity growth, because of the Great Recession. C) was a period of zero productivity growth. D) was a period of low productivity growth, almost as bad as the period 1970-1980.
What can a nation do to increase its economic growth? Why is economic growth among the major national economic goals of all countries?
According to Scenario 4-1, country B is running a:
a. trade deficit with country A and a trade surplus with country C. b. trade surplus with both countries A and C. c. trade surplus with country A and a trade deficit with country C. d. trade deficit with both countries A and C. e. balanced trade with country A and a trade deficit with country C.