Author Question: A welder who quits his job and moves from Houston to Buffalo to try to get a better welding job is ... (Read 238 times)

Zoey63294 · **on:** Jun 30, 2018

A welder who quits his job and moves from Houston to Buffalo to try to get a better welding job is said to be:
a. frictionally unemployed.
b. underemployed.
c. cyclically unemployed.
d. structurally unemployed.

Question 2

Ceteris paribus, if the dollar appreciated in relation to a foreign currency, would the U.S. sell more goods or fewer goods to consumers in that foreign country? Why?

kiamars2010 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

If the dollar appreciated we would expect U.S. firms to sell fewer goods to those foreign consumers. A higher exchange rate value of the dollar would make it more costly for foreign consumer to purchase U.S. dollars. As a result, those consumers would tend to purchase fewer U.S. goods.