Jackson lost his job when the economy went into a recession. His firm had large lay-offs due to a tremendous drop in sales volume. He is currently in school taking night classes where he is learning how to be a chef. He is actively seeking employment. What type is he?
a. cyclical
b. not unemployed
c. frictional
d. structural
Ans: a. cyclical
Economics
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Imports are
A. people who work in foreign countries. B. an example of an economic model. C. whatever is given up to obtain some item. D. goods produced abroad and sold domestically.
Economics
If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in four years?
A) $175,000 B) $125,000 C) $146,000 D) $190,000
Economics