How does the asking wage depend on the unemployment insurance (UI) system in the United States?
A. The asking wage is lower the more skills the unemployed worker has.
B. The asking wage is constant regardless of the unemployment insurance system.
C. The asking wage will fall as the unemployed worker gets closer to exhausting his or her UI benefits.
D. The asking wage is lower the more likely it is to receive a job offer.
E. The asking wage is lower while receiving UI benefits than after one's UI benefits have expired.
Answer: C
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A) a tax imposed on a utility that internalizes the cost of externalities caused by the utility B) payments by utilities to obtain tradable emission allowances C) payments for licenses to pollute D) a payroll tax
In a perfectly competitive market, when the price is greater than the minimum average total cost for all firms:
A. positive economic profits are being earned. B. firms will exit, causing the price to drop. C. firms will enter, causing the price to increase. D. None of these is true.
U.S. imports have topped U.S. exports every year since ________
a. 1966 b. 1976 c. 1956 d. 1986
According to economic theory, consumers should support taxes on the producer, and producers should support taxes on the consumer.
a. true b. false