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Experience:  BSc (Hons) Political Science
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Tip: 12.00 Good Evening, Can you answer the following

Resolved Question:

Tip: 12.00
Good Evening,

Can you answer the following Multiple Choice Economics Questions for me?

2. A lumberjack loses his job because timber cutting restrictions are imposed by the EPA to protect the spotted owl habitat. This lumberjack would be (Points : 1)
frictionally unemployed.
cyclically unemployed.
structurally unemployed.
seasonally unemployed.

3. Which of the following explains the changes in the U.S. adult male labor force participation rate over the period 1948-2006? (Points : 1)
more men are joining the military as compared to the past
more men are retiring later in life as compared to the past
fewer men consider themselves discouraged workers as compared to the past
younger men are remaining in school longer as compared to the past

5. Extensive economic growth ________ output per worker at a(n) ________ rate due to diminishing marginal returns. (Points : 1)
increases; decreasing
decreases; decreasing
increases; increasing
decreases; increasing

6. Under the Soviet system of communism, (Points : 1)
managerial pay was determined by the extent to which managers could lower the per-unit costs of production.
technological progress was slow because managers had little incentive to develop new technologies.
competitive pressures in the Soviet Union allowed the country's technological progress to keep pace with the rest of the world.
the per-worker production function in the Soviet Union shifted up more rapidly than production functions in other countries.

8. Investment spending ________ during a recession, and ________ during an expansion. (Points : 1)
declines; increases
increases; declines
increases; increases
declines; declines

10. Which of the following is a reason why increases in the price level results in a decline in aggregate expenditure? (Points : 1)
Price level increases raise real wealth which causes consumption spending and aggregate expenditures to decline.
Price level increases cause firms and consumers to hold more money, which raises the interest rate. Higher interest rates lower consumption and planned investment expenditures, which lowers aggregate expenditures.
Price level increases in the U.S. relative to other countries, raise net exports, which lowers aggregate expenditures.
As the price level rises, government spending falls, which lowers aggregate expenditures.
Submitted: 3 years ago.
Category: Homework
Expert:  Joanne replied 3 years ago.

Joanne :



hi Joanne

Joanne :

hang on let me upload the answers



Joanne :

here you go


Thanks Joanne =)

Joanne, Tutor
Category: Homework
Satisfied Customers: 3632
Experience: BSc (Hons) Political Science
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