All of the following can impact the demand for new workers in the labor market, except:
Answer: Unemployment benefits
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Expansionary fiscal policy is ineffective if
A) there are idle resources in the economy. B) the MPC is less than 0.60. C) the government has a budget surplus. D) there is complete crowding out. E) a and d
The answer is, "Because of the free rider problem." The question is:
A) Why can't the government produce nonexcludable public goods? B) Why can't the market produce nonexcludable public goods? C) Why do negative externalities exist? D) Why do positive externalities exist? E) b and d
Each firm in perfect competition:
A. follows the pricing decisions of other firms. B. follows the output of other firms. C. follows the reactions of competitors. D. sets quantity based on market price.
Refer to Figure 19.2. The total utility of two apples is
A. 6 utils. B. 2 utils. C. 5 utils. D. 11 utils.