Why might it be wrong to include self-proclaimed discouraged workers in calculations of the unemployment rate?
A. By definition, discouraged workers are only temporarily laid-off, and they will return to a job shortly.
B. Discouraged workers receive federal assistance.
C. Discouraged workers are already included in official unemployment statistics as long as no one else in their household is working.
D. Discouraged workers likely have a job but are discouraged only because they would like a better-paying job.
E. Some discouraged workers are taking advantage of a low-wage period to consume large amounts of leisure.
Answer: E
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Protection of rivers in Idaho is a public good. If the marginal social cost of protecting rivers in Idaho exceeds the marginal social benefit of river protection, is there more than, less than,
or the efficient amount of river protection taking place?
Which of the following represents the use of fiscal policy to achieve a fiscal stimulus?
A. Greater government expenditure or higher taxes. B. Greater government expenditure or lower taxes. C. Lower government expenditure or lower taxes. D. Lower government expenditure or higher taxes.
In the simple circular flow model:
A. businesses are sellers of resources and demanders of products. B. businesses are sellers of both resources and products. C. households are sellers of resources and demanders of products. D. households are sellers of products and demanders of resources.
If you observe that the dollar is appreciating because of a permanent change in the U.S. monetary supply, then the money supply must have:
a. fallen. b. stayed the same. c. risen. d. Not enough information is provided to answer the question.