Structural unemployment occurs because
A. new jobs are created, while old jobs cease to be viable.
B. there are long-term mismatches between workers skills and jobs available.
C. jobs differ in their location, skills required, and working conditions.
D. the economy is experiencing a period of unusually low production.
Answer: B
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In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is often impractical to
a. make use of theory and observation. b. rely upon the scientific method. c. conduct laboratory experiments. d. find articles or books that were written before 1900.
Which of the following statements concerning monopoly is NOT true?
A. A monopoly is always undesirable. B. A monopoly has market power. C. A market may be monopolistic because there are some legal barriers. D. There is some deadweight loss in a monopolistic market.