All taxes distort market decisions, affecting the buying and selling of goods and services
a. True
b. False
Indicate whether the statement is true or false
True
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According to the Bureau of Labor Statistics, if you voluntarily leave your job to search for another job, then you
A) are eligible for unemployment compensation. B) are classified as a job loser. C) are classified as unemployed. D) may not re-enter the labor force for six months.
An excludable good is a good that a producer can prevent people from consuming
Indicate whether the statement is true or false
A balance of payments deficit is defined as the amount by which
a. a country's exports exceed its imports. b. a currency must appreciate in order to reach equilibrium. c. quantity supplied of a country's currency exceeds quantity demanded. d. quantity demanded of a country's currency exceeds quantity supplied.
An economy has two workers, Jen and Rich. Every day they work, Jen can produce 2 TVs or 10 radios, and Rich can produce 4 TVs or 12 radios. To maximize total output, Jen should specialize in producing ________ while Rich should specialize in producing ________.
A. TVs; radios B. radios; TVs C. TVs; TVs D. radios; both goods