Which would cause a leftward shift in the supply curve for telephone service?
a. A decrease in the price of telephones
b. An increase in the wage of telephone workers
c. An increase in consumer incomes in the economy
d. An improvement in telephone technology
Answer: b. An increase in the wage of telephone workers
Economics
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A mismatch between the geographic location of workers and the location of job openings would result in which type of unemployment?
A. Wait B. Cyclical C. Frictional D. Structural
Economics
The price level is:
A. the percentage change in a price index such as the CPI. B. the rate of inflation. C. a measure of overall prices at a particular point in time. D. the price of a specific good in comparison to the prices of other goods and services.
Economics