According to the text, economists consider full employment to occur when
A) everyone who wants a job has a job.
B) frictional unemployment equals zero.
C) the sum of frictional unemployment and structural unemployment equals zero.
D) the unemployment rate consists of only frictional and structural unemployment.
Answer: D
Economics
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Given the information in the figure above, Liz has a comparative advantage in ________ and an absolute advantage in ________
A) smoothies only; both goods B) smoothies only; smoothies only C) both goods; both goods D) salads only; both goods E) salads only; salads only
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An individual with good job prospects who is between jobs is best considered as
A) structurally unemployed. B) cyclically unemployed. C) not in the labor force. D) frictionally unemployed.
Economics