What is the term used for a major vocal work that involves theatrical elements?
If the cross price elasticity between two goods is negative, what kind of relationship do the two goods have?
The relationship between the two goods are complementary (complements).
What are the four different types of unemployment? Define each.
Structural unemployment is when one is unemployed due to their lack of skills within a certain job (e.g. an individual worker is replaced by a machine). Frictional unemployment is when one has recently quit one job in order to actively pursue or search for another (in other words, in between jobs). Cyclical unemployment is when one is unemployed due to being laid off from a recession (in reference to the business cycle). Seasonal unemployment is when one is unemployed due to the change in seasons (e.g. lifeguards who only work during the summer).