A general mismatch between the skills of unemployed workers and the skills needed by employers with job openings results in
a. frictional unemployment.
b. structural unemployment.
c. cyclical unemployment.
d. a higher labor force participation rate.
B
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Social insurance programs are designed to provide financial assistance to people who have fallen into poverty
Indicate whether the statement is true or false
Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the Gamblers Last Chance Bank of Las Vegas has zero excess reserves. If a new customer deposits $10,000, the bank can now extend new loans up to a maximum of: a. $2,000
b. $8,000. c. $10,000. d. $50,000.
Fixing exchange rates and limiting the convertibility of currency will
a. improve international trade. b. increase the ability of people to gain from specialization. c. lead to black markets and less trade. d. increase productivity and living standards.
A polluting company may be able to purchase the right to pollute through
A. Higher user fees. B. Emission charges. C. Pollution permits. D. Pollution fines.