A high-wage country cannot afford free trade with a low-wage country. The high- wage country will either be undersold or its workers will be forced to accept lower living standards

Explain why a freeway isn't always considered to be a pure public good

What will be an ideal response?

Althea, a brilliant new Ph.D. in economics, has turned down many job offers because she hopes eventually to teach at one of the top 10 universities in her field. The type of unemployment she is experiencing is:

a. frictional. b. structural. c. seasonal. d. cyclical. e. underemployment.