Structural unemployment refers to unemployment resulting from:
a. technological change.
b. being in the wrong geographical location
c. taking the time to find the best job.
d. seasonal decreases in demand for labor.
e. a recession in the economy.
a
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Who benefits from an import quota on a good?
A) domestic consumers of the good B) foreign governments C) domestic producers of the good D) foreign producers of the good
Compare the policy prescriptions of Keynesian, Classical, and Monetarist economists
What will be an ideal response?
When economies of scale are present, the LRAC curve touches each short-run ATC curve
A) to the left of the ATC curve's minimum point. B) to the right of the ATC curve's minimum point. C) at the ATC curve's minimum point. D) at no points.
To combat the undersupply of public goods, a solution is:
A. for the government to step in and provide it directly. B. to place a quota on the consumption of the good. C. to change social norms around consumption of the good. D. put a quota on the amount that people can consume.