Janae was fired from her job with Microsoft in the 2008-09 recession because Microsoft's sales dipped. Janae's unemployment would be best classified as
A) natural unemployment.
B) cyclical unemployment.
C) structural unemployment.
D) sales-related unemployment.
E) frictional unemployment.
B
You might also like to view...
People who lost their jobs as hand-drawn animators because of the popularity of computer-generated 3D animation are examples of persons who are suffering
A) cyclical unemployment. B) frictional unemployment. C) seasonal unemployment. D) structural unemployment. E) unnatural unemployment.
If a profit-maximizing monopolistic competitor earns positive economic profits in the short run: a. demand will become increasingly inelastic as new firms enter. b. the firm should increase its output as new firms enter
c. there must be barriers to entry into the industry. d. new firms will be attracted to the industry. e. both b. and d. are correct.
An example of a supply shifter is:
A) demographic characteristics. B) technology. C) income. D) consumer expectations.
The concept of limited and bundled choice, as used in public choice theory, refers to the fact that:
A. Politicians may not be objective in evaluating economic policy programs B. Because of the importance of television and other modern communication techniques, the best and brightest candidates may not be selected by voters C. In an election, voters must select a candidate who has various preferences in a wide array of issues D. The most economically efficient public policy programs may not be selected because political leaders do not know enough about economics