An auto worker in Ohio who loses her job because the company relocated the plant to another country represents an example of

A. cyclical unemployment.
B. structural unemployment.
C. frictional unemployment.
D. seasonal unemployment.

Answer: B

Economics

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Trinh quits his $80,000-a-year job to become a full-time volunteer at a museum. What is the opportunity cost of his decision?

A) the value he attributes to the joy of working at a museum B) depends on the "going rate" of museum employees C) at least $80,000 D) 0 since he will no longer be earning a salary

Economics

When the cutthroat oligopolist raises their prices, their competitors will ___________.

Fill in the blank(s) with the appropriate word(s).

Economics