Structural unemployment includes:
a. unemployment caused by workers who leave positions to seek better jobs

b. unemployment caused by automation that displaces workers from their jobs.
c. unemployment caused by a decline in the economy's total production.
d. unemployment caused by the geographical and occupational mobility of the labor force.

b

Economics

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A firm will shut down in the long-run if

a. P>AVC b. PATC

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One result of asymmetric information in the market for used cars is that few lemons are sold

a. True b. False

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