Suppose there is a large number of jobs available for computer workers in California, but many such workers live in Texas, New York, and Illinois. This kind of mismatch is an example of
a. regional unemployment
b. structural unemployment
c. seasonal unemployment
d. frictional unemployment
e. cyclical unemployment
B
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The above figure shows the Lorenz curves for four different countries. Which of the following statements is FALSE?
A) Country A has an income distribution that is not perfectly equal. B) Country D's income distribution is the most unequal of the four countries. C) The distribution of income is more unequal in country A than in country B. D) The distribution of income is more unequal in country D than in country C.
Related to the Economics in Practice on page 155: Suppose you own a truck and use it to deliver merchandise to retailers and hire a driver to make such deliveries. At higher rates of speed the truck gets fewer miles per gallon of gas. Holding all else constant, as the price of gasoline continues to rise
A. you will ask your driver to change their driving in any way. B. you will instruct your driver to drive faster. C. you will make more deliveries to cover the increasing cost of fuel. D. you will instruct your driver to drive slower.