Unemployment compensation is an example of a(n):
a. discretionary stabilizer.
b. countercyclical stabilizer.
c. procyclical stabilizer.
d. seasonal stabilizer.
e. automatic stabilizer.
e
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Safe Bank has an outside display which has the time and temperature that is always correct. This is an example of
A) an interference in the workings of the price system. B) a breakdown in communication between the bank and its customers. C) a negative externality. D) a positive externality.
Left to their own, private markets tend to:
a. under-allocate resources to public goods. b. allocate the economically efficient amount of resources to public goods. c. over-allocate resources to public goods. d. produce no public goods.
Jeffrey spends all of his income on warm-up suits and running shoes, and the price of a warm-up suit is four times the price per pair of shoes. Then, in order to maximize total utility, Jeffrey should
a. buy four times as many warm-up suits as pairs of running shoes b. buy four times as many pairs of running shoes as warm-up suits c. divide his income equally between warm-up suits and running shoes d. buy both items until the marginal utility of a warm-up suit is four times the marginal utility of a pair of running shoes e. buy both items until the marginal utility of a pair of running shoes is four times the marginal utility of a warm-up suit
Which of the following is an advantage for the host country of a multinational corporation?
(A) Greater political power. (B) Greater income from tariffs. (C) Greater protective tariffs. (D) Greater employment opportunities.