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Author Question: The best example of a cyclically unemployed individual is A) Charles who lost his job as a real ... (Read 70 times)

charchew

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on: Jun 29, 2018
The best example of a cyclically unemployed individual is
 
  A) Charles who lost his job as a real estate salesperson when the housing market went soft because of a recession.
  B) Alice who quit her job to enter college.
  C) Mary who lost her job in the textile industry following a decrease in the tariff on textiles.
  D) Bob who has just graduated from college and is entering the labor market.

Question 2

If the money price of hats rises and no other prices change, the I. relative price of a hat rises. II. opportunity cost of a hat rises.
 
  A) only I
  B) both I and II
  C) only II
  D) neither I nor II


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Sophiapenny

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


charchew

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
Excellent

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