In New York City, Mayor Michael Bloomberg has recently recommend that the city, with the help of private donors, make cash payments to poor and underprivileged parents who can certify that their children are attending school on a regular basis
The payments would start after third grade and go through high school, rising each year as dropout rates get higher and a child's forgone earning potential is higher. What economic concept does this policy represent? A) public goods
B) technological progress
C) externalities
D) the "invisible hand"
E) incentives
E
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The production possibilities frontier is the boundary between
A) those combinations of goods and services that can be produced and those that can be consumed. B) those resources that are limited and those that are unlimited. C) those combinations of goods and services that can be produced and those that cannot. D) those wants that are limited and those that are unlimited.
Monopolistic competition displays productive efficiency in the short run, while perfect competition does not display productive efficiency
a. True b. False Indicate whether the statement is true or false
Which of the following about unemployment is true?
a. The unemployment rates of the major European economies have been lower than the United States during the last decade. b. The natural rate of unemployment is unaffected by labor market regulations and other dimensions of public policy. c. High unemployment rates over lengthy time periods are indicative of structural factors that are adversely affecting the natural rate of unemployment. d. The unemployment rates of Spain and Italy were among the lowest in the world during the past two decades.
Which of the following best describes the income velocity of money?
A. V = Y B. V = Ms/PY C. V = PY/Ms D. V = PMs