Structural unemployment is:
A. short-term unemployment that is associated with the process of matching workers with jobs.
B. the extra unemployment that occurs during periods of recession.
C. long-term and chronic unemployment that exists even when the economy is producing at a normal rate.
D. the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers.
Answer: C
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The three sources of private direct investment in developing nations are
A) bank loans, government loans, and Eurobond issues. B) bank loans, portfolio investments, and foreign direct investments. C) portfolio loans, IMF loans, and government loans. D) foreign direct investment, government loans, and Eurobond issues.
In the long run in a perfectly competitive market, economic profit or loss is
a. the main determinant of total cost b. the main driving force determining consumer preferences c. the basis of all government policy d. the main driving force behind economic change e. expected to persist indefinitely