Answer:
the level of real GDP that exists when the economy is experiencing only frictional and cyclical unemployment.
Explanation:
Potential GDP output is the highest level of real GDP that an economy can achieve over a sustained period of time and at a constant inflation rate. Potential output is reached when the natural rate of unemployment exists.
Natural rate of unemployment = frictional + structural unemployment
An economy can temporarily reach an output level higher than potential, but it will cause a surge in the inflation rate that will soon lower real GDP.
Answer:
C. A taxi cab driver in New York City obtains a license to legally provide transportation in New York City.
Explanation:
Barrier to Entry refer to ownership rights, which restrict the other to use the associated good or service.
C) A Taxi cab driver in New York City obtains a license to legally provide transportation in New York City : Is just a permit for the driver, allowing him to provide transportation services, as per required legal mandates. It doesn't exclude others from owing those rights, from getting a similar license. So, it is not a Barrier to Trade.
A) The Mining company land rights gives exclusive corresponding deposit rights to them only, excludes other from its usage. B) The chemist having patent rights excludes others from using its technique. So, these are Barriers to Trade.
Answer: A large portion of employers now utilize computer programs to scanned out the keywords that they want in the resume. ... They do this in order to cut down the time they needed to eliminate unsuitable candidate. Because of this, it is far more efficient for job seekers nowadays to send ...
Explanation:
In the sense that consumers and firms use all available information as they take actions intended to achieve their goals
A A monthly maintenance fee (sometimes called a monthly service fee) is money a bank charges you for working with the company. The fee is usually automatically withdrawn from your account each month. In some cases, you'll pay the fee no matter what. But many banks let you waive the fee if you meet certain requirements.