Unemployment benefits create(s) which of the following?
a. less unemployment
b. incentives for people to quickly find work
c. incentives for employers to hire people
d. incentives for people to not work
d. incentives for people to not work
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The ________ nature of economic growth is one of the major reasons why there are large differences in GDP per capita across countries
A) linear B) quadratic C) exponential D) logarithmic
Government regulation in the form of subsidies, tariffs, licensing, and inspections does which of the following?
(a) Creates rents for businesses (b) Offers profits to some businesses at the expense of others (c) Encourages the inefficient use of productive resources (d) All of the above
The AFL-CIO merger in 1955 revolutionized union practices
Indicate whether the statement is true or false
At consumer equilibrium, the marginal utility of one dollar’s worth of any good is equal to ______.
a. one b. the total utility of all other goods combined. c. the marginal utility of one dollar’s worth of any other good d. zero