Frictional unemployment occurs when:
a. there is friction between an employer and employee
b. a worker decides to quit to seek a different job.
c. a large corporation transfers a worker to another city.
d. college students go back to school at the end of the summer.
b
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Consider the production possibilities frontier displayed in the figure shown. Which of the following combinations could not be produced?
A. (20 watermelons, 400 bushels of apples) B. (0 watermelons, 400 bushels of apples) C. (10 watermelons, 150 bushels of apples) D. (15 watermelons, 100 bushels of apples)
A rightward shift of the entire demand curve
A. might be due to a decline in income if it is a normal good. B. might be due to an increase in income if it is an inferior good. C. might be due to a tax increase on the product. D. might be due to an increase in population.