Which of the following is an example of signaling?
a. Graduates of highly-respected universities highlight that fact on their resumes.
b. Magazine advertisements include the phrase "as seen on TV."
c. Advertisements for universities include the phrase "fully accredited."
d. All of the above are correct.
d
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Refer to Price Ceiling. After the price ceiling is imposed, consumers' surplus is equal to
The following questions refer to the accompanying diagram which shows the effects of a price ceiling. The initial price and quantity are P0 and Q0, respectively, and the price ceiling is imposed at the price P1. Assume that none of the potential deadweight loss can be avoided.
a. area A.
b. area A + B.
c. area A + B + D.
d. area A + B + C + D + E + F + G.
A carbon tax would _____ the cost of producing goods and services that create large carbon emissions, and would lead Americans to use ______ carbon- intensive goods and services, which could _______ climate change?
A) raise; more; slow B) raise; fewer; speed up C) lower; fewer; slow D) raise; fewer; slow E) raise; more; speed up
The primary means of achieving long-run economic growth is:
A. increased capacity utilization, which is represented by a movement from a point inside the production possibilities curve to a point on the curve. B. movement from an undesirable point on a given production possibilities curve to a more desirable point on a given production possibilities curve. C. an emphasis on macroeconomic stabilization. D. represented by changes in a nation's productive capacity, represented by an outward shift of the production possibilities curve.
Suppose the natural rate of unemployment is 4 percent. What is the actual rate of unemployment if actual output is 2 percent above potential output?
A. 3 percent B. 6 percent C. 2 percent D. 0 percent