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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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 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
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
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
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