In 2004, Jamal lost his job as a shipbuilder. His shipyard never reopened, and his very specialized skills as a shipbuilder were no longer in demand. Jamal's unemployment is best classified as _____

a. cyclical
b. structural
c. seasonal
d. frictional
e. voluntary

b

Economics

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Countries that fix the foreign exchange value of their currencies, while following a highly expansionary monetary policy, will

a. be unable to maintain both the fixed-exchange rate and the full convertibility of their currency. b. generally experience rapid rates of economic growth. c. make it easier for their citizens to engage in international trade. d. have relatively low rates of domestic inflation.

Economics

If the government allowed a free market in organs for transplant there would be

a. a decrease in the shortage of organs for transplant. b. a decrease in producer surplus. c. an decrease in consumer surplus d. an increase in the waiting period for transplant organs.

Economics