The reasons why someone cannot get a job are similar to the reasons why someone cannot get a date
Using the ideas of frictionally unemployed, structurally unemployed, and cyclically unemployed, describe and explain how a student at your university might be frictionally "undated," structurally "undated," and cyclically "undated."
The frictionally "undated" student does not have a date because of the search process of matching up people. It is an information search problem. There are lots of other students who would go out with the student, but it takes time to find them.
The structurally "undated" student does not match up with the characteristics of the other students looking for dates. Perhaps the structurally "undated" student is considerably older, from another region or country, or just has different preferences.
The cyclically "undated" student does not have a date because there are not many dates to be had—there is a recession in dates. This could be during final exams when most students do not date.
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The idea of increasing opportunity cost is reflected in the
A) bowed in shape of the production possibilities frontier. B) bowed out shape of the production possibilities frontier. C) linear shape of the production possibilities frontier. D) fact that the PPF shows there are unattainable production points. E) positive slope of the production possibilities frontier.
In which of the following econometric problems do we find Durbin-Watson statistic being far away from 2.0?
a. the identification problem b. autocorrelation c. multicollinearity d. heteroscedasticity e. agency problems