A discouraged worker is someone who:
a. has a job, but wants to get a different one
b. is unemployed and looking for work.
c. quits a job and is unable to collect unemployment compensation.
d. gives up looking for work, and is no longer counted as unemployed.
d
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Refer to the figure above. Domestic producers gain ________ because of the tariff
A) $5 B) $62,500 C) $15 D) $125,000
Which of the following is an automatic stabilizer that moves the federal budget toward deficit during an economic contraction and toward surplus during an economic expansion?
A. Congress votes for a federal investment in infrastructure. B. corporate subsidies for green energy investments C. unemployment benefits D. a stimulus package that reduces personal income taxes
The firm's shutdown point is
A. at point J.
B. at point K.
C. between points J and K.
D. above point K.
A coordination problem usually occurs in situations where there is:
A. more than one Nash equilibrium. B. a unique, secure strategy for both players. C. no Nash equilibrium in a game. D. a unique, but undesirable Nash equilibrium.