Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking. What would happen to the unemployment rate?
a. It would increase
b. It would fall.
c. It would change, but the effect cannot be predicted.
d. It would not change.
b
Economics
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Name the three types of unemployment
What will be an ideal response?
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Explain why a firm may hire managers to operate outlets near the firm's headquarters, but may sell franchise rights for the outlets located greater distances from the headquarters
(With a franchise, the firm sells a brand name and a method of doing business to someone who then owns and operates the outlet.)
Economics