Pollution taxes always cause deadweight losses, reducing economic efficiency
a. True
b. False
Indicate whether the statement is true or false
False
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Dividing the number of people unemployed by the civilian labor force gives us
A) the employment rate. B) the unemployment rate. C) the labor force participation rate. D) none of the above.
When two goods are perfect complements, the indifference curves are
a. positively sloped. b. negatively sloped. c. straight lines. d. right angles.
The minimum payment you are willing to accept to do a job is your:
A. nominal wage. B. reservation price. C. value of marginal product. D. real wage.
When a country allows trade and becomes an importer of coal,
a. the losses of the domestic producers of coal exceed the gains of the domestic consumers of coal. b. the losses of the domestic consumers of coal exceed the gains of the domestic producers of coal. c. the gains of the domestic producers of coal exceed the losses of the domestic consumers of coal. d. the gains of the domestic consumers of coal exceed the losses of the domestic producers of coal.