TEST 4 ECON |ACTUAL COMPLETE EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) A RATED.
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Course
ECON.
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ECON.
TEST 4 ECON |ACTUAL COMPLETE EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS ) A RATED.
TEST 4 ECON |ACTUAL COMPLETE EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS ) A RATED.
TEST 4 ECON |ACTUAL COMPLETE EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS ) A RATED.
TEST ...
TEST 4 ECON |ACTUAL COMPLETE EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) A RATED. Which of the following would cause the demand for carpenters to increase? - ANSWER -an increase in the demand for housing The relationship between the wage rate and the quantity of labor that employers wish to hire is called: - ANSWER -the market demand curve for labor Which of the following does NOT contribute to increased worker productivity? - ANSWER -increased labor supply Improvements in the productivity of labor will tend to: - ANSWER increase wages Which of the following is the best example of an investment in human capital? - ANSWER -a summer internship at a law firm by someone attending law school Since the 1980s the proportion of income recieved by the top (richest) 5 percent of Americans has ___ and the measured in come of Americans in the lowest (poorest) fifth has ___. - ANSWER -risen; fallen Which of the following countries has the greatest degree of income inequality? - ANSWER -the United States A major macroeconomics goal of almost all societies is: - ANSW ER all of the above The unemployment rate is the number of people classified as unemployed as a percentage of: - ANSWER -the labor force Frictional unemployment occurs when: - ANSWER -a worker decides to quit to seek a different job A federal program aimed at retraining the unemployed workers of the declining coal and steel industries is designed to reduce which type of unemployment? - ANSWER -structural Cyclical unemployment arises when: - ANSWER -business activity in the macroeco nomy declines When unemployment rises above the natural rate it reflects the existence of ___ unemployment. - ANSWER -cyclical Inflation exists whenever: - ANSWER -the overall price level is rising In the expansion phase of the business cycle: - ANSWER -all of the above
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