Frictional unemployment exists because:
A) firms do not make an attempt to advertise the vacancies they have.
B) unemployment benefits are capped in most economies.
C) firms and workers have imperfect information about each other and the state of the economy.
D) job markets are heavily regulated by the government..
C
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What does a bank do with the money that you deposit?
A. Banks use the money for ordinary business expenses like paying employees. B. Banks keep your money in a vault in case you return to withdraw it. C. Banks lend most of the money to people who want to borrow. D. Banks use the money to purchase assets like gold and other precious metals.
Positive externalities arise when
A) an unprofitable firm is shut down. B) a profitable firm is regulated. C) tax rates are reduced. D) production of a good generates benefits that spill over to third parties.