Structural unemployment is frequently caused by:
a. technological changes that make certain job skills obsolete.
b. temporary layoffs in industries such as construction.
c. the impact of recessions on employment.
d. none of these.
a
Economics
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The average price of goods and services in the economy is also known as
A) the cost of living. B) the inflation rate. C) a market basket. D) the price level.
Economics
In our simple trade model, having a comparative advantage in a product implies that a country will specialize completely in the product
A) with the highest opportunity cost. B) with the lowest opportunity cost. C) where total output is lower per worker-hour. D) where total output is greater per worker-hour.
Economics