Unemployment that occurs when there are not enough jobs for the number of people in the labor force is referred to as:
A. Frictional unemployment.
B. Structural unemployment.
C. Cyclical unemployment.
D. Seasonal unemployment.
C. Cyclical unemployment.
You might also like to view...
A single-price monopoly
A) must practice price discrimination. B) can lower its price for only a few select consumers if it wants to increase its sales. C) will set its price equal to a consumer's willingness to pay. D) must lower the price for all customers if it wants to increase its sales. E) is able to raise its price as high as it wants and consumers must still buy from it because it is a monopoly.
Refer to Figure 9-1. Suppose the government allows imports of leather footwear into the United States. The market price falls to $18. What is the value of consumer surplus?
A) $0 B) $270 C) $305 D) $320
Typically bond prices fall as interest rates rise
Indicate whether the statement is true or false
The minor league system in professional baseball can be thought of as a
A) screening tool. B) signaling tool. C) form of statistical discrimination. D) being used for the wrong reasons.