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Structural Problems Contribute to Both Unemployment and Underemployment

question 106

Multiple Choice

Structural problems contribute to both unemployment and underemployment. Corporations have been disinvesting in the United States, displacing millions of people from their jobs. Economists refer to this displacement as the __________ of America.


Definitions:

Price Elasticity of Demand

An indicator of the sensitivity of the demand for a product to variations in its price.

Midpoint Method

A technique used to calculate the elasticity of demand or supply between two points on a curve by averaging the two points' prices and quantities.

Cable TV Service

A subscription-based service that delivers television programming through coaxial or fiber-optic cables.

Inelastic

Describing demand or supply with little to no response to changes in price.

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