If the price of smoothies is 3.50 in the United States and the exchange rate is 110 yen per dollar, then what is the yen price of smoothies?
A) 110 yen B) 240 yen C) 318 yen D) 385 yen
Question 2
Cyclical unemployment
A) decreases during a recession.
B) is higher during an expansion.
C) is always a constant amount of unemployment.
D) fluctuates over the business cycle.
E) fluctuates but not in response to the business cycle.
Consider the following people:
Chris quits his job as an automobile mechanic to pursue his college education full-time.
Darrelo was laid off from her technical support job because of a strike by production workers and is currently looking for a new job.
Rita graduated from college and is currently looking for a job.
Armondo quit his old job and will begin his new job in four days.
Thorton was fired from his job as a steel worker because of massive imports of steel and he is looking for a new job.
Jung was laid off from his job as an appraiser because the firm's business declined because of a general downturn in the economy and he is currently looking for a new job as an appraiser.
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