An example of frictional unemployment is a(n):
A. textile worker permanently laid off due to jobs lost to imports.
B. engineer permanently laid off due to advances in technology.
C. fast-food restaurant worker who quits work and attends college.
D. computer programmer who leaves one job and accepts a new job.
Answer: D
Economics
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Let C = 550 + 0.8y and I = 75. Assume no government or foreign sectors. If investment increases by 100, the equilibrium output increases by a total of
A) 60. B) 175. C) 500. D) 800.
Economics
A maximum limit set on the amount of a specific good that may be imported into a country over a given period of time is called a:
A. Tariff B. Quota C. Nontariff barrier D. Voluntary export restriction
Economics