Which type of unemployment is most likely to lead unemployed workers to retrain or relocate?
A) cyclical
B) forced
C) structural
D) frictional
E) search
C
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In the United States the system most generally used for assigning tasks and distributing benefits
A) employs continuing bids and offers among individuals. B) operates without the use of money prices. C) presupposes shifting and uncertain property rights or "rules of the game." D) takes the place of the supply-and-demand process. E) was designed by the authors of the Federal Constitution.
If the government legislates policies that block imports of solar panels and gives domestic manufacturers a $5 billion-dollar tax subsidy, the benefits to the U.S. solar panel manufacturing and distribution industry will be very visible. The bearers of the cost of the tax subsidy _____.
a. are easy to identify b. also fit this pattern of identifiable winners c. will have their interests counterbalanced over time d. are more anonymous
Supply and demand analysis
a. can be used to understand solutions to pollution, but not causes. b. can be used to analyze how externalities lead to environmental problems. c. cannot be used to analyze pollution, which is a physical and chemical problem. d. cannot be used to solve the pollution problem, but can be used to analyze it.
Which of the following examples shows the law of demand?
a. The demand for flashlights remained constant as the price decreased. b. The demand for avocados remained constant as the price increased. c. The demand for baseballs increased as the price decreased. d. The demand for geraniums increased as the price increased.