Which of the following is an example of cyclical unemployment?
a. A recent college graduate still looking for her first job
b. A car salesman who loses his job because of a recession
c. A ski instructor who is out of work during the summer
d. An economics journalist who just quit her writing job in order to begin a new career as a college professor next month
e. A worker displaced from his factory job because of greater mechanization in the workplace
b
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A technological change ________ and a change in the capital stock ________
A) shifts the productivity curve; shifts the productivity curve B) shifts the productivity curve; creates a movement along the productivity curve C) creates a movement along the productivity curve; shifts the productivity curve D) does not change the productivity curve; creates a movement along the productivity curve E) does not change the productivity curve; shifts the productivity curve
It is argued that certain industries should be protected from foreign competition because they are needed to secure the United States from foreign aggression. This argument is called the __________ argument
A) saving domestic-jobs B) low foreign wages C) foreign export subsidies D) national defense