Unemployment arising from a persistent mismatch between the skills and characteristics of workers and the requirements of jobs is called

For an impure consumption good the maximum output is determined where_____

a. price equals marginal cost b. marginal cost equals the vertical summation of all individual demand curves c. price equals long run average total cost d. marginal cost equals the horizontal summation of all individual demand curves

The increase in redistributive programs as a percentage of the government's budget has led to _____

a. a greater potential payoff for special interests b. a welfare bureaucracy dependent upon the existence of the redistributive program c. a concomitant rise in private charity d. a and b e. b and c