Example of structural unemployment?
A. Factory worker temporally laid off during a recession.
B. Recent Graduates
C. A mother chooses to stay with child instead of working.
D. Unskilled worker can't get hired because the minimum wage is too high.
E. A retired person living off her saving.
D. Unskilled worker can't get hired because the minimum wage is too high.
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Polar ice cap shrinks further and thins With global warming of the planet, the polar ice cap is shrinking. As the Arctic Sea expands, more underwater mineral resources will be accessible
Countries are staking out territorial claims to parts of the polar region. Source: The Wall Street Journal, April 7, 2009 Explain how ownership of these mineral resources will influence the amount of damage done to the Arctic Sea and its wildlife.
The size of a deadweight loss in a market is reduced by
A) market price being close to marginal cost. B) government legislating a ceiling price. C) government legislating a price floor. D) creative destruction.