Excess burden calculations typically assume many other distortions.
A. True
B. False
C. Uncertain
B. False
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Joe has been unable to find a job because he lacks the necessary computer skills. Joe is
A) cyclically unemployed. B) skill-set unemployed. C) frictionally unemployed. D) structurally unemployed. E) educationally unemployed.
Refer to Figure 13-2. Ceteris paribus, a decrease in productivity would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
A bank failure occurs when a bank
a. cannot call in its loans b. spends all of its reserves c. is unable to meet its depositors' requests to withdraw funds d. cannot make any more loans e. makes bad loans
Neither public goods nor common resources are
a. excludable, but only public goods are not rival in consumption. b. excludable, but only common resources are not rival in consumption. c. rival in consumption, but only public goods are not excludable. d. rival in consumption, but only common resources are not excludable.