Which of the following is a policy used to combat structural unemployment?
A. Job training programs.
B. Government intervention in labor markets for the purpose of holding wage increases down to 5.5 percent annually.
C. An increase in the discount rate.
D. A decrease in tax rates for the purpose of increasing aggregate demand.
Answer: A
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Under a strict liability standard, the person who causes an accident is liable
a. whether or not he has been negligent. b. if he could have prevented the accident at a cost less than the damages caused. c. if he could have prevented the accident at a cost less than the damages caused times the probability of the accident's occurrence. d. unless the plaintiff could have prevented the accident at a cost less than the damages incurred times the probability of the accident's occurrence.
A rival good
A) is one that is used up as it is consumed. B) is one that rival firms are trying to obtain. C) is exclusive. D) cannot be shared.
A clinic uses doctors and nurses optimally and is servicing the maximum number of patients given a limited annual payroll. The last doctor hired treated 1,600 extra patients in a year, while the last nurse hired treated 1,000 extra patients in a year. If doctors make $64,000 a year and nurses make $40,000 a year, then
A. the clinic is making the correct decision. B. the clinic is not making the correct decision because the additional patients per dollar spent on doctors is greater than the additional patients per dollar spent on nurses. C. the clinic could serve more patients by hiring more doctors and fewer nurses. D. the clinic could serve more patients by hiring fewer doctors and more nurses. E. a and d
The Fed does not have perfect control over the money supply in the short run.
Answer the following statement true (T) or false (F)