Frictional Unemployment in Canada Has Decreased in Recent Years Because

question 63

Multiple Choice

Frictional unemployment in Canada has decreased in recent years because

• A)labour- market flexibility in Canada has decreased.
• B)the labour- force participation rate for men has been falling.
• C)the benefits received under the employment- insurance system have become less generous.
• D)the labour- force participation rate for women has been falling.
• E)workers have higher levels of education and training.

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Definitions:

Nondiscriminating Monopolist

A monopolist who charges a single price for all units of the output sold, reaching every consumer who is willing to pay at least this price, rather than charging different prices.

Demand Schedule

A table that lists the quantity of a good that consumers are willing to purchase at different price levels.

Profit-Maximizing

A strategy or point at which a business operates to achieve the highest possible profit given its production costs and market conditions.

Marginal Revenue

The incremental revenue earned by selling one more unit of a good or service.