If an outdoor vendor loses her job when winter weather comes, this individual is
A. structurally unemployed.
B. seasonally unemployed.
C. cyclically unemployed.
D. chronically unemployed.
Answer: B
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Which of the following is an implication of the random walk theory?
a. Experts will be able to make money by picking and choosing the best stocks. b. There is a systematic pattern to the movement of prices in the stock market. c. Stock market investors can expect to earn a fairly steady real rate of return of about 7 percent annually. d. Even experts will be unable to predict the future movement of stock prices with any degree of accuracy.
In the economic sense, almost everything is scarce. ________ of a good or service occurs when the quantity demanded is greater than the quantity supplied at the current market price
A) Scarcity B) A shortage C) A surplus D) An overstock