Which one of the following is a true statement?
a. Higher levels of education are associated with higher levels of structural unemployment
b. During a recession, cyclical unemployment rises but structural unemployment falls
c. Historically, technological change has created more jobs than it has made obsolete
d. During a recession, most unemployment is structural unemployment
One disadvantage of the skimming pricing policy for new products is that
a. such a policy tends to minimize the revenue received from sales.
b. it does not allow for much flexibility in price decreases for the futurE.
c. it creates a negative price-quality relationship in the mind of the consumer.
d. the financial returns the company receives have a tendency to attract competition quickly.
e. it leads to overpricing by competitors.