Structural unemployment is:
A. the result of the ordinary difficulty of matching employee to employer.
B. persistent, long-term unemployment.
C. short-term unemployment.
D. correlated with the ups and downs of the business cycle.
Ans: B. persistent, long-term unemployment.
Economics
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Holding everything else constant, a country's exports will decrease if the:
A) country's currency appreciates. B) country's currency depreciates. C) country's currency is revalued. D) none of the above.
Economics
A monopoly producing a chip at a marginal cost of $6 per unit faces a demand elasticity of ?2.5. Which price should it charge to optimize its profits?
A. $10 per unit B. $6 per unit C. $8 per unit D. $12 per unit
Economics