Author Question: Suppose that over a period of years the country of Quasiland switched from being an ... (Read 26 times)

mynx · **on:** Jun 29, 2018

Suppose that over a period of years the country of Quasiland switched from being an agriculturally-based economy to a technologically-based economy. As a result, many people lost jobs because they lacked the correct skills.

As they search for new jobs, these people are part of A) frictional unemployment.
B) structural unemployment.
C) cyclical unemployment.
D) discouraged workers.

Question 2

Rental income includes

A) the payment for the use of land.
B) the payment for the use of all rented inputs.
C) no income from rental housing because most houses are occupied by their owners.
D) Both answers A and B are correct.