Frictional unemployment is the result of
A) the economy entering a strong expansion.
B) normal labor market turnover.
C) a slowdown in the rate of economic expansion.
D) changes in the weather.
E) technological change or foreign competition.
B
Economics
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Explain why the dominant strategy equilibrium in an open outcry English auction is also the Nash equilibrium
What will be an ideal response?
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An efficient use of resources occurs when
A) there is a deadweight loss. B) the total social benefit of a good equals its total social cost. C) there is perfect price discrimination by a monopoly. D) there is no producer surplus.
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