Unemployment insurance
a. reduces search effort which raises unemployment.
b. reduces search effort which lowers unemployment.
c. increases search effort which raises unemployment.
d. increases search effort which decreases unemployment.
a
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The equilibrium rental income paid to landowners at any point in time equals the
a. purchase price of land. b. value of the marginal product of land. c. marginal product of land. d. wage paid to laborers.
Janet prefers cashews to almonds. She prefers macadamia nuts to peanuts, but she is indifferent between almonds and peanuts. Which of the following statements can we say for sure?
a. Janet prefers cashews to macadamia nuts. b. Janet prefers peanuts to cashews. c. Janet prefers macadamia nuts to almonds. d. Janet prefers almonds to macadamia nuts.
If the U.S. imposed an import quota on furniture, U.S. net exports of furniture
a. and net exports of other U.S. goods and services would rise. b. would rise but net exports of other goods and services would fall. c. would fall but net exports of other goods and services would rise. d. and net exports of other U.S. goods and services would fall.
The following is an example of the moral-hazard problem: Homebuyers do not properly evaluate the risks involved in buying a home, because they are assuming the government will bail them out of a bad mortgage as it has done before.
Answer the following statement true (T) or false (F)