Structural unemployment is
A) associated with the changing of jobs in a dynamic economy.
B) associated with general downturns in the economy.
C) associated with changes in technology that change required job skills.
D) very short-term unemployment.
C
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What happens when the supply of a nonperishable good is greater than what consumers want to buy?
a. the good is discarded b. the good becomes a luxury and the price rises c. either the good is saved for later sale or the price is raised d. either the good remains unsold or the price drops
Per-unit taxes have which effect on the equilibrium price of a good?
a. They cause demand curves to shift downward, thus lowering price. b. They cause demand curves to shift downward, thus raising price. c. They cause supply curves to shift downward, thus lowering price. d. They cause supply curves to shift upward, thus lowering price. e. They cause supply curves to shift upward, thus raising price.