Structural unemployment Study guides, Revision notes & Summaries

BEC CPA Exam Review Questions & Answers 2023/2024 Demand Curve Shift Upward (direct relationship-positive shift) - ANSWER-The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market Demand Curve Shift Downward (inverse relationship-neg. shift) - ANSWER-The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis - ANSWER-strengths, weaknesses, opportunities, threats Three common measures of price inflation...

Macro Essay Plans Exam With 100% Correct Answers 2024 Evaluate the view that free-market supply-side reforms are beneficial to the UK economy [25] - correct answer-Supply side policies are the set of micro and macro government policies used to improve national economic performance by creating more competitive & efficient markets. Decrease NMW & benefits (reduced real wage unemployment), reduced income so increased incentive to work, increased labour supply, decrease wage costs, increase S...

ECS2602 Assesment 2 Macroeconomics The term “full employment” refers to a situation in the economy … Select one: A. in which there is only frictional and structural unemployment. B. where everybody who wants to work is employed. C. in which there is only cyclical unemployment and frictional unemployment. D. where there is no unemployment in the economy. Question 2 Correct Mark 1.00 out of 1.00 Question text Flag question Which one of the following statements is correct rega...

Franchise - ANSWER-a contractual agreement between a parent company and a franchisee to distribute goods and services Corporation - ANSWER-a form of business ownership that is owned by stockholders who have purchased units or shares of the company Elastic Demand - ANSWER-demand that changes according to changes in price Inelastic Demand - ANSWER-demand that is not affected by changes in price. Unitary Demand - ANSWER-when sales remain the same because changes in supply and demand ...

ECON 101 FINAL EXAM PRACTICE QUESTIONS | latest 2023/24 2. Suppose you are forced to take a pay cut of 5% when the economy is experiencing overall deflation of 5%. If in response to your pay cut you also reduce your consumption by 5%, then economists would say: A) the quantity theory of money held. B) you are exhibiting money illusion. C) you made a rational decision. D) your real wage decreased by 5%. - B 3. Continued long-run economic growth requires that economies: A) continue to i...

Fire Officer 3 Questions and Answers 100% Correct Causes of Unethical Conduct- Most Common Basic Needs (intended to fulfill persons' basic needs), Affiliation (groups or organizations), Self-esteem (Increase a persons' self-esteem), Self-gratification (Increase a persons' self enjoyment) When an individual has _______________ or _________________ rationalized the unethical action then it becomes easier to commit the action and any similar subsequent actions. rationlized or justified Process...

TEST BANK for Sociology in Action: A Canadian Perspective 4th Edition by Bereska Tami and Symbaluk Diane. Chapter 1 1. Chapter 01-001 According to the textbook authors, we might better understand who becomes a professional hockey player by applying ideas developed by which of the following? a. Karl Marx b. Emile Durkheim *c. Max Weber d. Auguste Comte 2. Chapter 01-002 According to the textbook authors, what is the relationship between unemployment and postsecondary education? a...

When you include discouraged workers and unemployed workers in calculations of the unemployment rate correct answersthis alternate measure is much higher than the official unemployment rate. The Internet has enabled workers and companies to find each other more quickly and to make better matches with substantially lower costs. The result is correct answerslower frictional unemployment Official unemployment is identified as when a worker correct answerswho is not currently employed is searc...

In the United States, changes in price levels are tracked by the____________, which measures the monthly average changes in prices of goods and services. -ANSWER CPI The term used to describe the study of the overall operations of an economy and its various components is known as__________ -ANSWER macroeconomics _________ refers to the study of the economic activities of a firm or an individual. -ANSWER Microeconomics _________ occurs when government grants exclusive rights in a singl...

top-down approach - Answer-A method of analyzing securities that starts with the overall market and narrows down to the specific company Treynor measure - Answer-A measure of reward to nondiversifiable volatility (systematic rISK) Unemployment Rate - Answer-A measurement of the percentage of the U.S. labor force that currently is not working but is willing and able to work and is actively seeking employment Value Investing - Answer-Investing in stocks that are considered underpriced given t...