St. 3 Federal Reserve

This type of unemployment is based in a reduction in the demand for a particular type of worker (the market no longer wants that type of worker)

• Cyclicical

• Frictional

• Structural

• None of these

This type of unemployment is directly related to the business cycle, like a recession

• Cyclicical

• Frictional

• Structural

This type of unemployment is directly related to the area and the demands of the community.

• Cyclicical

• Frictional

• Structural

• Seasonal

When was land considered the most productive resource?

• Industrial Revolution

• Post WW2

• Colonial Times

• None of above

When did labor become the predominant factor of production?

• Industrial Revolution

• Post WW2

• Colonial Times

• None of above

When was capital the most important of the factors of production?

• Industrial Revolution

• Post WW2

• Colonial Times

• None of above

How does the government get income?

• Sells a product

• People donate money

• People pay taxes

• Does not have an income

The study of the behavior of the economy, such as price levels, business cycles, inflation and deflation as well consumers and producers.

• Microeconomics

• Macroeconomics

The purpose of the FDIC is

• To protect the President

• To protect the Chief Justice

• To provide insurance and protect money in banks

• To provide support to elderly people.

Curve or graph showing how much the actual distribution of income differs from an equal distribution.

• Interest Rate

• Lorenz Curve

• Unemployment Rate

• Inflation Rate