Workers temporarily unemployed but who normally find jobs quickly are called a. frictionally unemployed. b. cyclically unemployed. c. seasonally unemployed. d. structurally unemployed.

Workers who are unemployed because they lack the skills needed by employers are called a. frictionally unemployed. b. cyclically unemployed. c. seasonally unemployed. d. structurally unemployed

Which of the following occupations would least likely to be subjected to seasonal employment? a. Lifeguard. b. Department store Santa. c. Ronald McDonald clown. d. Easter Bunny.

Which of the following occupations would most likely be subject to seasonal unemployment? a. Automobile mechanic. b. Appliance salesperson. c. Television repair-person. d. Farm worker.

Which of these is likely to increase the most in a severe recession? a. Frictional unemployment b. Seasonal unemployment. c. Structural unemployment. d. Cyclical unemployment.

When workers are overqualified for their current jobs or can find work only part-time, we refer to this as a. unemployed. b. discouraged workers. c. not in labor force. d. underemployed.

Inflation is defined as a(n) a. increase in some prices. b. increase in the price of a specific commodity (or service). c. sustained increase in the general price level. d. sustained increase in the price of a specific commodity (or service)

A sustained increase in the general price level is called a. deflation. b. inflation. c. disinflation. d. hyperinflation.

An individual with a Ph.D. in physics, who can only find employment in a pizza parlor, would normally be considered as a. a discouraged worker. b. underemployed. c. overemployed d. unemployed

Which of the following statements about opportunity cost is TRUE?

I. Opportunity cost is equal to implicit costs plus explicit costs. II. Opportunity cost only measures direct monetary costs. III. Opportunity cost accounts for alternative uses of resources such as time and money. a) I, II and III. b) I c) III only. d) I and III only.

Which type of money is most dangerous in trem of thief? Paper Money Plastic Money Electronic Money Coin Money

A government might use tax to? A) Discourage consumption of positive externalities B) Discourage consumption of public goods C) Discourage consumption of merit goods D) Discourage consumption of negative externalities

If the economy grows the government's budget position will automatically? A) worsen B) improve C) stay the same D) increase with inflation

If state bank of pakistan wished to pursue a tight monetary policy it would ? A) reduce the minimum reserve asset ratio B) buy government securities on the open market C) lower interest rates D) sell government securities on the open market

Fiscal.policy refers to ? A) the government regulation of financial intermediaries B) the spending and taxing policies used by the government to influence the economy C) the actions of the central.bank in controlling the money supply D) the government's attitude to taxation