A decrease in aggregate demand and the subsequent cutbacks in production lead to:
a. frictional unemployment.
b. cyclical unemployment.
c. cost-push unemployment.
d. structural unemployment.
e. transitory unemployment.
b
Economics
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If a nation does not have an absolute advantage in producing anything, it a. can have no comparative advantage either
b. will have a comparative advantage in the activity in which its disadvantage is the least. c. will benefit if it refuses to trade. d. will export raw materials and import finished products.
Economics
If you knew that an investment was going to pay you $128 in 5 years, and you knew that the annual interest rate over that time would be 5 percent, you could calculate the present value to be:
A. $90. B. $95. C. $105. D. None of these is true.
Economics