Unemployment due to the location or skill requirements of job vacancies not matching the location or skills of the unemployed is called ________ unemployment

A) turnover
B) mismatch
C) cyclical
D) natural

B

Economics

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If firms adopt a strategy that triggers a permanent punishment, the result in an indefinitely repeated game is

A) undefined. B) the noncooperative Nash equilibrium. C) the collusive Nash equilibrium. D) economically inefficient.

Economics

If a 10 percent increase in price causes a 5 percent increase in quantity supplied, then supply is

A) elastic. B) inelastic. C) unit elastic. D) infinite.

Economics