Suppose people decide to buy fewer GE stoves. If General Electric reduces the number of its employees to reduce its costs but no other stove company does so, which type of unemployment results?

Hunter is an ambitious, competitive person who has always tried to be the best at everything he does. Consider the following job options facing Hunter and choose the option that will likely afford him the highest wage

a. elementary school teacher who works 9 months of the year b. manager in a large firm who earns an annual salary with no potential for bonuses or commissions c. salesperson who earns a small base salary plus a percentage of the sales he makes d. local television news anchor who works during the day

What would be the output combination for two products A and B on the production possibility frontier, if a country uses its entire resources for producing A?

A. A: maximum, B: zero B. A: maximum, B: maximum C. A: zero, B: maximum D. A: zero, B: minimum