In a perfectly competitive labor market, at the equilibrium wage rate:
A) cyclical unemployment is negative. B) frictional unemployment is positive.
C) frictional unemployment is zero. D) cyclical unemployment is positive.
C
Economics
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What might prompt a fresh college graduate to turn down the first job offer he or she receives?
A) They do not wish to begin working. B) They'd rather continue straight into graduate school. C) They expect a better job offer is right around the corner. D) All of the above.
Economics
When the United States exports a good, the amount of the ________ in U.S. consumer surplus is ________ the amount of the ________ in U.S. producer surplus
A) increase; smaller than; increase B) increase; larger than; decrease C) decrease; smaller than; increase D) decrease; equal to; decrease
Economics