Suppose that the number of jobs for engineers expands by 10 percent per year, the number of new engineers by 5 percent per year while the number of automobile mechanics grows by 8 percent and the number of new automobile mechanics jobs grows by 3
percent. We conclude that A) frictional unemployment will increase.
B) frictional unemployment will decrease.
C) structural unemployment will increase.
D) structural unemployment will increase 4 times.
C
Economics
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Which of the following is NOT illustrated by a production possibilities frontier?
A) scarcity B) opportunity cost C) necessity for choice D) who gets the goods
Economics
Refer to Figure 7.2. If Happy Times Theater charges one price to day customers and another price to night customers, then the night price will be
A. $5.50. B. $6.25. C. $7.50. D. $10.00.
Economics