Income lost by the unemployed is an example of the ________ cost of unemployment, while the additional spending to control crime is an example of the ________ cost of unemployment.
A. psychological; economic
B. economic; psychological
C. economic; social
D. social; psychological
Answer: C
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As Betsy's consumption of coffee increases, her marginal utility from coffee
A) increases. B) decreases. C) remains unchanged. D) increases first and then decreases.
The Framework Convention on Climate Change took place in
A) the 1973-1979 Tokyo Round. B) the 1987-1993 Uruguay Round. C) the 1997 Kyoto Protocol. D) the 2001 Doha Round.
Which of the following holds that business cycles are primarily due to changes in technology and does NOT invoke any monetary or demand-side forces?
A. the real business cycle theory B. adaptive expectations hypothesis C. rational expectations hypothesis D. the efficiency wage theory
Hospitals can refuse to treat non-emergency cases for Medicaid recipients.
Answer the following statement true (T) or false (F)