Price discrimination leads to higher prices for all consumers.
Answer the following statement true (T) or false (F)
False
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Which of the following would increase the natural rate of unemployment?
A) an increase in the number of younger, less skilled workers in the economy B) a reduction in the generosity of unemployment insurance programs C) an increase in government-sponsored programs that train unemployed workers so they can find new jobs quickly D) restrictions on the ability of unions to negotiate wage changes with companies
When an economy is operating below its potential capacity, Keynesian economists argue that
a. taxes should be raised if the government is currently running a budget deficit. b. taxes should be lowered but only if the government is running a budget surplus. c. the government should cut taxes and/or increase expenditures in order to stimulate aggregate demand. d. both a and b are correct. e. all of the above are correct.
Tradable pollution permits
a. are widely viewed as a cost-effective way to reduce pollution. b. have helped reduce carbon emissions in Canada. c. have helped reduce sulfur dioxide emissions in the United States. d. All of the above are correct.
Since restored historic buildings convey a positive externality, local governments may choose to
a. regulate the demolition of them. b. provide tax breaks to owners who restore them. c. increase property taxes in historic areas. d. Both a and b are correct.