Author Question: Suppose people decide to buy fewer GE stoves. If General Electric reduces the number of its ... (Read 58 times)

LCritchfi · **on:** Jun 29, 2018

Suppose people decide to buy fewer GE stoves. If General Electric reduces the number of its employees to reduce its costs but no other stove company does so, which type of unemployment results?

A) cyclical
B) marginal
C) structural
D) frictional
E) discouraged

Question 2

What is the more efficient choice: sending one's child to John Q. Public High School at zero dollar tuition or to Purebred Prep School at several thousand dollars a year?

A) High school, because it's much cheaper.
B) Prep school, because it's much higher in quality of instruction.
C) Prep school, because what matters most is not what you know, but who you know.
D) It depends on the decision makers' own evaluations of cost and benefit.