One of the social benefits of frictional unemployment is that
a. workers get time off from work.
b. economic growth is limited.
c. workers move from less to more valuable firms.
d. wage rates decrease.
c
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Using the data in the table above, gross domestic product equals
A) $1,920. B) $1,940. C) $2,150. D) $2,400.
Excise taxes are distortionary taxes.
A. True B. False C. Uncertain
As a policy instrument, pollution rights allow income distribution effects that can more easily win the cooperation of affected businesses
Indicate whether the statement is true or false
An example of moral hazard is
a. A taxi driver paid per mile taking the shortest route b. a piece-rate garment worker shirking more than a per hour worker c. an hourly salesman working less hard than a commission salesman d. an author on contract going to as many book signings as one with a percentage royalty rate