Bill is a high-school dropout who lost his job in a fast food ...

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Bill is a high-school dropout who lost his job in a fast food restaurant when the economy plunged into a recession. After 8 months, Bill is still looking for work. He is an example of
 
  A) frictional unemployment.
  B) structural unemployment.
  C) cyclical unemployment.
  D) the natural unemployment rate.

Question 2

The price elasticity of demand for cigarettes is 0.4. If government wants to reduce smoking by 10 percent, by how much should it raise the price of cigarettes by imposing a tax?
 
  A) by 10 percent
  B) by 20 percent
  C) by 25 percent
  D) by 50 percent

[milbourne11]

Answer to Question 1

C

Answer to Question 2

C