16. Suppose that a computer manufacturer has decided to close a factory in Austi

Question

16. Suppose that a computer manufacturer has decided to close a factory in Austin, Texas, and open a new factory in Thailand. What would best describe the state of employment for the workers that are no longer employed in Austin? A. unemployment. B. frictional unemployment. C. structural unemployment. D. gainful employment. 17. Which of the following countries has the highest long-term unemployment? A. Canada B. Switzerland C. Ireland D. Greece 18. Which of the following can increase structural unemployment? A. job retraining B. job-search assistance C. work tests D. powerful unions 19. Cyclical unemployment is defined as A. long-term unemployment caused by the ordinary difficulties of matching employee to employer. B. short-term unemployment caused by the ordinary difficulties of matching employee to employer. C. persistent, long-term unemployment caused by long-lasting shocks or permanent features of an economy that make it more difficult for some workers to find jobs. D. unemployment correlated with the business cycle. 20. Imagine that due to a recession, Jessica

Explanation / Answer

16)B 17)D 18)B 19)D 20)C

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