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Unemployed labor is considered 'idle resources' because they
Unemployed labor is considered 'idle resources' because they
- are not willing to work
- are not qualified for any job
- are not capable of contributing to economic output
- are not actively seeking employment (correct)
Unemployment benefits are supported by government tax revenue and
Unemployment benefits are supported by government tax revenue and
- have no impact on the budget deficit
- depend on the level of unemployment
- increase the budget deficit (correct)
- decrease the budget deficit
Why can there never be 0% unemployment?
Why can there never be 0% unemployment?
- There will always be people who don't want to work
- The required skill set is constantly changing
- The economy cannot sustain full employment
- There will always be people 'in-between' jobs (correct)
Certainty about the 'real' (purchasing power) of future returns is essential for lending to take place because
Certainty about the 'real' (purchasing power) of future returns is essential for lending to take place because
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A stable and predictable price level allows lenders to
A stable and predictable price level allows lenders to
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Which one of the following is NOT a factor of production?
Which one of the following is NOT a factor of production?
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Which movement on the production possibility curve (PPC) represents a change in resource allocation towards the production of health services?
Which movement on the production possibility curve (PPC) represents a change in resource allocation towards the production of health services?
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What is the opportunity cost of using the land only for farming?
What is the opportunity cost of using the land only for farming?
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What would be the macroeconomic impact of a long strike by railway workers?
What would be the macroeconomic impact of a long strike by railway workers?
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What necessarily describes the market system?
What necessarily describes the market system?
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