The increased generosity of unemployment insurance programs in Canada as compared to the United States should
A) raise the duration of unemployment in the United States.
B) have no impact on the duration of unemployment in Canada.
C) increase the duration of unemployment in Canada as compared to the United States.
D) decrease the duration of unemployment in Canada as compared to the United States.
C
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Pizza and tacos are substitutes, and the price of a pizza increases. Which of the following correctly indicates what happens?
A) The demand for pizzas decreases and the demand for tacos increases. B) The demand for both goods decreases. C) The quantity of tacos demanded increases and the quantity of pizza demanded decreases. D) The quantity of pizza demanded decreases and the demand for tacos increases. E) The demand for each decreases because both are normal goods.
Suppose that the federal government imposes a price floor (support price) in the milk market at a price of $3 per gallon. If market quantity demanded at $3 is 1 billion gallons, and if market quantity supplied is 1.5 billion gallons, then which of the following is true?
a. There is a surplus of 1 billion gallons of milk, and the federal government will buy 1.5 billion gallons to maintain the $3 price. b. There is a shortage of 500 million gallons of milk, and the federal government will buy 1 billion gallons to maintain the $3 price. c. There is a shortage of 500 million gallons of milk, and the federal government will buy an additional 500 million gallons to maintain the $3 price. d. There is a surplus of 500 million gallons of milk, and the federal government will buy this 500 million gallons to maintain the $3 price.
The most efficient taxation system is a tax system that
A. is highly progressive. B. maximizes tax revenues. C. minimizes the total tax burden. D. minimizes the overall excess burden.
Can unionization in an industry adversely affect productivity? Explain your answer
What will be an ideal response?