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Author Question: When the economy moves into recession, some companies lay off workers. Those unemployed workers are ... (Read 193 times)

lbcchick

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on: Jun 30, 2018
When the economy moves into recession, some companies lay off workers. Those unemployed workers are experiencing cyclical unemployment.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Economics is a science that:
 a. typically uses controlled experiments to learn about consumer and firm behavior.
 b. uses models that cannot be tested empirically due to the complex nature of the economy.
  c. explores how choices are made between conflicting wants and desires in a world of scarcity.
  d. relies entirely upon normative analysis.


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ong527

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


lbcchick

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Reply #2 on: Jun 30, 2018
Thank you :)


ong527

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Reply #3 on: Jun 30, 2018
Happy to help you


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