Suppose that an anti-smoking campaign in Moscow, Russia, is successful so that Muscovites smoke less and chew gum more. Tobacco companies lay off workers, while chewing gum manufacturers employ more workers. This is an example of
a. structural unemployment created by efficiency wages.
b. structural unemployment created by sectoral shifts.
c. frictional unemployment created by efficiency wages.
d. frictional unemployment created by sectoral shifts.
d
Economics
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What is a factor market?
A) It is a market where financial instruments are traded. B) It is a market where resources used to produce final goods are traded. C) It is a market where stocks and bonds are traded. D) It is a market where producers buy consumption and capital goods.
Economics
If the government requires banks to keep 100 percent of their deposits on reserve, a $1,000 deposit in a checking account would lead to a $100,000 increase in the money supply
a. True b. False Indicate whether the statement is true or false
Economics