Which of the following is an example of a public good?
a. telephone service
b. national defense
c. a city-owned bus
d. electricity generated by a city-owned public utility
b
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Joshua's indifference curves for two products are shown below: Which of the following indifference curves is the least preferred?
A. U1 B. U2 C. U3 D. Unclear given the current information
Unemployment that is of a short duration to allow a person time to find a new job is
One way for governments to try and minimize the effects of structural unemployment is to:
A. subsidize retraining programs. B. mandate employers cannot fire anyone. C. increase unemployment benefits. D. All of these are ways that would minimize the effects of structural unemployment.
Which of the following items are labor costs related to a sign business?
a. salaries and benefits paid to employees b. materials on which the signs are printed c. equipment used to print and cut the signs d. design software used to layout the signs