A change in the price of a good causes A. a change in quantity supplied. B....
A change in the price of a good causes
A. a change in quantity supplied.
B. an increase in demand and a decrease in supply.
C. an increase in supply.
D. a decrease in supply.
In 2014, some European countries were dealing with a recession. Workers who were laid off in those countries due to the economic downturn would be
A.
structurally unemployed.
B.
seasonally unemployed.
C.
frictionally unemployed.
D.
cyclically unemployed.
Homework Answers
a) "A"
A change in the price of a good causes a change in the quantity supplied. if the price increased then the quantity supplied will increase or vice versa.
b) "D"
Unemployment due to a fall in the demand will be considered as cyclical unemployment.
Add Answer to:
A change in the price of a good causes
A. a change in quantity supplied.
B....
41. Inflation is A a rise in the price of every good and service. B. a...
41. Inflation is A a rise in the price of every good and service. B. a rise of exactly a specified percentage in the price of every good or service. C. a rise in the average price level D. a rise in average prices of at least 10 percent a year. 42. Kimberly quit her job as a computer programmer, spent two weeks in Hawai expects to soon find) another job. She is unemployed A. psychologically B. structurally C. frictionally...
Firms A, B, C, and D manufacture infant car seats. Due to a change in consumer...
Firms A, B, C, and D manufacture infant car seats. Due to a change in consumer preferences, A and B lay off workers, all of whom are needed by C and D to meet increased demand. But until the laid-off workers can find and agree to accept those jobs, they are employed. O cyclically O frictionally structurally naturally
The table below shows labor market statistics for a nation. 3 million Number of Workers Structurally...
The table below shows labor market statistics for a nation. Number of Workers Structurally Unemployed Number of Workers Cyclically Unemployed Number of Workers Frictionally Unemployed Number of Workers Officially Classified as Employed Working-age Population What is the nation's unemployment rate?Which of the following unemployed individuals represents frictional unemployment? (A) Marissa, a full-time student who plays on the school's soccer team. (B) Janet, an accounting graduate who is interviewing with a number of accounting firms. (C)Sameer, a retired faculty member who volunteers at the local hospital. (D) Jeremy, a customer service...
A change in price of a good or service typically causes ________________ for that specific good...
A change in price of a good or service typically causes ________________ for that specific good or service. a.a decreased demand b.a change along the supply curve c.no change d.the supply curve to shift Why would labor be treated as a variable cost? a.they are costs incurred in the act of producing that will decrease with quantity produced b.labor costs are an input cost that firms are unable to change in the short run c.they are made before production starts...
43. If price rises, what happens to quantity supplied for a product? a. It increases. b....
43. If price rises, what happens to quantity supplied for a product? a. It increases. b. lit decreases. c. It does not change. d. Quantity supplied is constant, but supply increases 44. How will a decrease in price tend to affect supply? a. Supply will increase. 1. Supply will decrease. c. Supply will not change. d. Uncertain. 45. The amount of a good sold in a market at a particular price cannot exceed the quantity a. demanded at that price....
Which of the following is a shortcoming of the unemployment rate? Choose one or more: A....
Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
7. Suppose that at a price of $70 the quantity supplied in a market is 10...
7. Suppose that at a price of $70 the quantity supplied in a market is 10 units, and at a price of s80 th e quantity supplied in the market is 15 unit. If we use this information to create a linear supply equation, what will that equation be? b. P-50+ 2Qs Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. Based on this information,...
Which of the following would be expected to cause a decrease in the quantity supplied of...
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The demand for automobiles rises when the economy experiences an expansion. If an automobile manufacturer hires...
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a price change causes the quantity demanded of a good to decrease by 30percent , while the total...
a price change causes the quantity demanded of a good to decrease by 30percent , while the total revenue of that good increases by 15 percent . is the demand curveelastic or inelastic ? explain.
41. Inflation is A a rise in the price of every good and service. B. a rise of exactly a specified percentage in the price of every good or service. C. a rise in the average price level D. a rise in average prices of at least 10 percent a year. 42. Kimberly quit her job as a computer programmer, spent two weeks in Hawai expects to soon find) another job. She is unemployed A. psychologically B. structurally C. frictionally...
Firms A, B, C, and D manufacture infant car seats. Due to a change in consumer preferences, A and B lay off workers, all of whom are needed by C and D to meet increased demand. But until the laid-off workers can find and agree to accept those jobs, they are employed. O cyclically O frictionally structurally naturally
The table below shows labor market statistics for a nation. Number of Workers Structurally Unemployed Number of Workers Cyclically Unemployed Number of Workers Frictionally Unemployed Number of Workers Officially Classified as Employed Working-age Population What is the nation's unemployment rate?Which of the following unemployed individuals represents frictional unemployment? (A) Marissa, a full-time student who plays on the school's soccer team. (B) Janet, an accounting graduate who is interviewing with a number of accounting firms. (C)Sameer, a retired faculty member who volunteers at the local hospital. (D) Jeremy, a customer service...
43. If price rises, what happens to quantity supplied for a product? a. It increases. b. lit decreases. c. It does not change. d. Quantity supplied is constant, but supply increases 44. How will a decrease in price tend to affect supply? a. Supply will increase. 1. Supply will decrease. c. Supply will not change. d. Uncertain. 45. The amount of a good sold in a market at a particular price cannot exceed the quantity a. demanded at that price....
Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
7. Suppose that at a price of $70 the quantity supplied in a market is 10 units, and at a price of s80 th e quantity supplied in the market is 15 unit. If we use this information to create a linear supply equation, what will that equation be? b. P-50+ 2Qs Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. Based on this information,...
Which of the following would be expected to cause a decrease in the quantity supplied of a certain good? 6. a. b. c. d. A decrease in the cost of materials used in producing that good An increase in the cost of materials used in producing that good A decrease in the price of the good An increase in the price of the good Suppose that at a price of $70 the quantity supplied in a market is 10 units,...
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