A worker that quits her job
A) is always counted among the unemployed.
B) is never counted among the unemployed.
C) will be counted among the structurally unemployed.
D) may or may not be counted among the unemployed.
D
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A reduction in wage is most likely to:
A) increase worker productivity. B) increase quantity of labor supplied. C) decrease quantity demanded of labor. D) lower worker productivity.
Which of these contributes to the existence of monopoly power?
a. the control of critical resources b. legal barriers c. patents d. All of the above contribute to the existence of monopoly power.
The government can _______________ change an inefficient market outcome (in the case where there is a negative externality) into an efficient outcome by imposing a tax on the activity that generates the negative externality
A) in almost all situations B) possibly C) not D) in all situations E) a or d
Let supply be given by P = 5Q and demand by P = 19 - 2Q. Suppose we now place a tax of 5 per unit of output on the seller. The new equilibrium quantity is:
A. 3 B. 7 C. 5 D. 2