Author Question: Natural unemployment equals the sum of A) cyclical and frictional unemployment. B) cyclical, ... (Read 61 times)

itsmyluck · **on:** Jun 29, 2018

Natural unemployment equals the sum of

A) cyclical and frictional unemployment.
B) cyclical, business, and structural unemployment.
C) frictional and structural unemployment.
D) business and cyclical unemployment.
E) cyclical and structural unemployment.

Question 2

Refer to the table above. If the world price of trousers is 8 per pair, then which of the following statements is true?

A) Country B, Country C, and Country D will export trousers, whereas Country A will import trousers.
B) Country A, Country C, and Country D will import trousers, whereas Country B will export trousers.
C) Only Country B will import trousers, whereas Country A, Country C, and Country D will export trousers.
D) All countries will import trousers.