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NEW QUESTION: 1
Frictional unemployment refers to unemployment resulting from:
A. A recession in the economy.
B. The time needed to match qualified job seekers with available jobs.
C. Seasonal decreases in demand for labor.
D. The skills of workers do not correspond to the skills demanded by employers.
Answer: B
Explanation:
Choice "b" is correct. Frictional unemployment is the unemployment that arises from workers routinely
changing jobs or from workers being temporarily laid off. It results from the time needed to match qualified
job seekers with available jobs.
Choice "a" is incorrect. This is structural unemployment.
Choice "c" is incorrect. This is seasonal unemployment.
Choice "d" is incorrect. This is cyclical unemployment.

NEW QUESTION: 2
The local coefficient of risk aversion for a utility function u(x) where x is wealth is expressed as:
A)

B)

C)

D)

A. Option A
B. Option C
C. Option D
D. Option B
Answer: A
Explanation:
Explanation
https://riskprep.com/images/stories/questions/102.06.a.png is the coefficient of risk aversion at x. Its inverse, ie https://riskprep.com/images/stories/questions/102.06.b.png, is called the coefficient of risk tolerance.


Risk aversion or risk tolerance is indicated in a utility function by its curvature. A concave utility function indicates risk aversion and a convex function indicates risk tolerance. The curvature is measured as a ratio of the second derivative to the first derivative of a function. A negative second derivative implies concavity. The expression is the coefficient of risk aversion, and its inverse, which is in the same units as wealth, is called the coefficient of risk tolerance.

NEW QUESTION: 3
An l-VPLS can be associated with many B-VPLS services.
A. TRUE
B. FALSE
Answer: B

NEW QUESTION: 4
Section A (1 Mark)
A general theoretical perspective in social psychology concerned with the issue of social perception. is known as_____________
A. None of These
B. Attribution Theory
C. Prospect Theory
D. Utility Theory
Answer: B