When governments subsidize retraining programs for unemployed workers to learn new skills, they are trying to minimize the effects of which kind of unemployment?
A. Frictional
B. Structural
C. Seasonal
D. Real-wage
B. Structural
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If the interest rate is 10%, then $1 received one year from now is worth how much today?
A) $1.10 B) $1 C) 91¢ D) 90¢
“Satisficing” rather than “maximizing” primarily emerges under conditions where
A. information is costly. B. management lacks ambition. C. profit maximization is rejected on moral grounds. D. risk is minimal.
A normal good is defined as one
a. having a downward-sloping demand curve b. that is neither a luxury nor a basic good c. that is bought by consumers with normal tastes d. whose demand increases when incomes increase e. whose demand decreases when incomes increase
The higher the concentration ratio is in an industry, the more likely it is that
A) the industry is perfectly competitive.
B) the market share of the smallest four firms is larger.
C) the market share of the largest four firms is smaller.
D) the industry has an oligopoly.