Providing training for unemployed individuals is primarily intended to reduce()
A. frictional unemployment.
B. seasonal unemployment.
C. structural unemployment.
D. cyclical unemployment.
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Unemployment insurance()
A. reduces search effort and raises unemployment.
B. reduces search effort and lowers unemployment.
C. increases search effort and raises unemployment.
D. increases search effort and decreases unemployment.
When a union bargains successfully with employers, in that industry,()
A. both the quantity of labor supplied and the quantity of labor demanded increase.
B. both the quantity of labor supplied and the quantity of labor demanded decrease.
C. the quantity of labor supplied increases and the quantity of labor demanded decreases.
D. the quantity of labor demanded increases and the quantity of labor supplied decreases.
Efficiency-wage theory suggests that paying()
A. low wages might be profitable because they raise the efficiency of a firm’s workers.
B. low wages might be profitable because they lower the efficiency of a firm’s workers.
C. high wages might be profitable because they raise the efficiency of a firm’s workers.
D. high wages might be profitable because they lower the efficiency of a firm’s workers.
Diminishing marginal utility of wealth implies that the utility function is()
A. upward-sloping and has decreasing slope.
B. upward-sloping and has increasing slope.
C. downward-sloping and has decreasing slope.
D. downward-sloping and has increasing slope.
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