Unemployment that results from technological changes that renders some people's skills obsolete is called:
a. frictional unemployment.
b. cyclical unemployment

Consider the above table. Assuming the government imposes a price ceiling on garbanzo beans of $4, what would be the likely result?

A) a surplus of 2,000 garbanzo beans B) a shortage of 2,000 garbanzo beans C) No change, equilibrium would prevail. D) The quantity demanded of garbanzo beans would fall to zero.

The U.S. demand curve for foreign currency is drawn holding constant all except one of the following factors. Which is the exception?

a. income in the United States b. the inflation rate in the United States c. incomes in the rest of the world d. the interest rate in the United States relative to the rest of the world e. tastes and preferences of Americans for foreign goods