Which of the following is an example of a worker experiencing cyclical unemployment?
A) an assembly line worker who loses his job because of automation
B) a worker who quits his job because he does not get along with his boss
C) a worker who changes jobs to move closer her family
D) a lifeguard who was hired during the summer season is laid off after summer is over
E) a freightliner employee that got laid off because of the recession of 2007-2009
E
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According to the Ricardian model, the source of comparative advantage is:
a. differences in labor productivity in different countries. b. differences in foreign trade policies followed by the government of various countries. c. differences in resource endowments of an economy. d. differences in the fields of research and development in a country. e. differences in the taste and preferences of the consumers in different countries.
Which of the following accurately describes how earnings from capital eventually get paid to households?
a. Households can own a stock of capital and rent it to firms. b. Households lend money to firms, who then pay interest to the households. c. Households that own stock in firms receive dividends. d. All of the above are correct.