The U.S. Environmental Protection Agency estimated that communities that use the “pay-as-you-throw” program generate almost 50 percent less waste than communities where fixed fees or taxes cover the cost of curbside trash pickup.
Answer the following statement true (T) or false (F)
True
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Which of the following statements is true?
A) Both efficiency wages and minimum wages increase unemployment. B) Efficiency wages increase unemployment while minimum wages help reduce unemployment. C) Both efficiency wages and minimum wages help reduce unemployment. D) Efficiency wages help reduce unemployment while minimum wages increase unemployment.
In the loanable funds market, demanders of funds are ________ and suppliers of funds are ________
A) households and the government if it has a budget surplus; firms and the government if it has a budget deficit B) households and the government if it has a budget deficit; firms and the government if it has a budget surplus C) households and firms; the government if it has a budget deficit D) firms and the government if it has a budget surplus; households and the government if it has a budget deficit E) firms and the government if it has a budget deficit; households and the government if it has a budget surplus
Which of the following statements is not true of fixed and flexible exchange rate systems?
a. Under fixed exchange rates, government officials have little direct role in the foreign exchange market. b. Under fixed exchange rates, the government must select an appropriate exchange rate. c. Under fixed exchange rates, active central bank intervention is necessary to maintain the fixed exchange rate. d. Under fixed exchange rates, the governments must stand ready to buy all foreign exchange offered to it and supply all foreign exchange demanded from it. e. Flexible exchange rates rely on market forces to set the exchange rate, but fixed exchange rates are set by central banks.
The outcome of monetary policy can never be certain because
a. unemployment is always changing b. the concept of a natural rate of unemployment is still not accepted by all policy makers c. the slope of the AS curve is never clear d. time lags disrupt policy planning e. the natural rate of unemployment lags behind the actual rate of unemployment