QUESTION 15 Unions contribute to cyclical unemployment. frictional unemployment. seasonal unemployment. structural unemployment. a. b. C. d. d. QUESTION 16 You receive money as payment for taking care of your neighbors' dog. This best illustrates which function of money? a. medium of exchange b. unit of account C. store of value d. liquidity a b
QUESTION 15 Unions contribute to cyclical unemployment. frictional unemployment. seasonal unemployment. structural unemployment. a. b. C. d. d. QUESTION 16 You receive money as payment for taking care of your neighbors' dog. This best illustrates which function of money? a. medium of exchange b. unit of account C. store of value d. liquidity a b
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question

Transcribed Image Text:QUESTION 13
All else equal, which of the following would increase the unemployment rate?
(i)
an increase in the number of women who return to work after being stay-at-home mothers
a preference among older men to retire early
an increase in the maximum number of weeks for which someone can receive government unemployment benefits
an increase in the number of previously unemployed women who stop looking for work and become discouraged workers
(i) and (ii) only
(ii)
(iii)
(iv)
a.
(iii) only
(ii) and (iii) only
(ii), (iii), and (iv) only
b.
С.
d.
a
d
QUESTION 14
Assume that the adult population of Japan is 112.5 million. If 20 million are unemployed and 50 million are employed, then the unemployment rate is approximately
a.
24%.
b.
18%.
С.
29%.
d.
6%.
a
O O O O

Transcribed Image Text:QUESTION 15
Unions contribute to
cyclical unemployment.
frictional unemployment.
a.
b.
С.
seasonal unemployment.
d.
structural unemployment.
a
QUESTION 16
You receive money as payment for taking care of your neighbors' dog. This best illustrates which function of money?
a.
medium of exchange
b.
unit of account
C.
store of value
d.
liquidity
a
O O
DC
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON


Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON

Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON

Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning

Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education