Author Question: Refer to the figure above. The labor market is currently at point E. Which of the following is ... (Read 75 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
Refer to the figure above. The labor market is currently at point E. Which of the following is likely to happen if a recession hits the economy assuming that wages are flexible?
 
  A) The labor market equilibrium will move from E to H.
  B) The labor market equilibrium will move from E to D.
  C) The labor market equilibrium will move from E to F.
  D) The labor market equilibrium will move from E to G.

Question 2

Which of the following statements is true?
 
  A) Job search refers to the activities that workers undertake to find appropriate jobs.
  B) It is easier to find full-time suitable employment than to find seasonal part-time employment.
  C) In a competitive market, workers who demand a wage higher than the equilibrium wage rate are likely to get employed faster.
  D) Job search is normally a month-long process.



mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

For a complete list of videos, visit our video library