Arthur is an unskilled worker who is currently unemployed. He has been offered a job that pays $40 a day, but he is currently receiving unemployment insurance benefits equal to $50 a day, so he chooses not to accept the job and to continue looking for a better job. Arthur is ________ unemployed.
A. frictionally
B. cyclically
C. not
D. structurally
Answer: D
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A new pollution law requires businesses to pay for inspections of their plants by independent pollution-monitoring firms. What effect is this likely to have?
A) Increase productivity B) Increase the capital stock C) Reduce productivity D) Increase the demand for labor in those firms
The purchase of the assets of one steelmaker by another steelmaker might be a violation of the:
a. Clayton Act. b. Federal Trade Commission Act. c. Celler-Kefauver Act. d. Robinson-Patman Act.
Assume a price floor is set above the equilibrium price. The result is a shortage
a. True b. False Indicate whether the statement is true or false
Advocates of government intervention appreciate the self-correcting nature of the economy
Indicate whether the statement is true or false