Which of the following is a likely cause of declining union membership in the U.S.?
a. An increase in competition from foreign producers
b. The annual increase in minimum wage rates
c. The shift from service jobs to manufacturing jobs
d. A decline in the number of government jobs
a. An increase in competition from foreign producers
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Expansionary fiscal policy involves increasing government purchases or increasing taxes
Indicate whether the statement is true or false
A negative externality is
A. a type of tax. B. a type of subsidy. C. a type of money price. D. linked to external costs. E. linked to external benefits.
Explain how expansionary and contractionary monetary policies affect aggregate demand through the exchange rate channel
What will be an ideal response?
If firms were forced to take into account the full social costs of production, then
A) output would decrease but pollution levels would probably remain at the same levels. B) output would be unaffected but pollution levels would come down. C) output and pollution levels would decrease. D) output could be increased and pollution levels would decrease.