The biggest flaw in the logic of the labor argument is the failure to consider
A) the needs of developing countries.
B) the impact of tariffs on inflation.
C) the differences in national productivity levels.
D) the impact on employment levels.
C
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Sharon was being treated unfairly by her boss, so she stormed off the job and two days later found another position. For two days, Sharon experienced:
a. cyclical unemployment. b. structural unemployment. c. seasonal unemployment. d. frictional unemployment. e. being out of the labor force.
An increase in the demand for a resource
a. will cause the price of that resource to fall. b. may be the result of a decrease in the demand for products utilizing this resource. c. will cause the price of the resource to fall by a smaller amount in the short run than in the long run. d. will increase the price of the resource and, thereby, increase the incentive of potential suppliers to provide the resource in the future.