According to classical economists, unemployment exists because
A. workers are all identical.
B. the minimum wage generates unemployment.
C. it takes time and effort for someone to find a job.
D. government activity causes unemployment.
Answer: C
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After the imposition of the quota, the quantity demanded of TVs is ________ thousand. 
A. 20 B. 80 C. 100 D. 40
Using a production possibilities curve, economic growth is represented by
A) an inward shift of the curve. B) an outward shift in the curve. C) a movement along the curve. D) a pivot of the curve.
In and Edgeworth Box economy, no one strictly prefers the endowment allocation to the competitive equilibrium allocation.
Answer the following statement true (T) or false (F)
A union-sponsored television campaign urging U.S. consumers to "Look for the union label" is designed to
A) increase the productivity of union labor. B) increase the derived demand for union labor by shifting consumer preferences in favor of union-made goods. C) raise wages by restricting the supply of union workers. D) remind consumers that if they do not buy union-made goods, unions will strike.