Suppose that the number of jobs in the fishing industry decreases but the number of jobs in the travel industry increases. Initially, ________
A) the economy remains at full employment
B) structural unemployment increases
C) there is a shortage of workers in both sectors
D) cyclical unemployment increases
B
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If the U.S. raised its tariff on tires, then at the original exchange rate there would be a
a. surplus in the market for foreign-currency exchange, so the real exchange rate would appreciate. b. surplus in the market for foreign-currency exchange, so the real exchange rate would depreciate. c. shortage in the market for foreign-currency exchange, so the real exchange rate would appreciate. d. shortage in the market for foreign-currency exchange, so the real exchange rate would depreciate.
Refer to the above table. What is the marginal revenue product of the fifth worker?
A. $160
B. $400
C. -$800
D. $2