Unemployment arising from job search is called:
A) disguised unemployment. B) frictional unemployment.
C) structural unemployment. D) cyclical unemployment.
B
Economics
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The ability of an individual, firm, or country to produce a certain good at a lower opportunity cost than other producers is referred to as:
A) marginal advantage. B) absolute advantage. C) cardinal advantage. D) comparative advantage.
Economics
According to the classical growth theory of Thomas Malthus
A) labor productivity increases continuously. B) the population growth rate is fixed. C) technological advances lead to permanent increases in real GDP per person. D) increases in real GDP per person are only temporary.
Economics