Employee benefits mandated by the government make it
A. More difficult to achieve full employment with stable prices.
B. Easier to achieve stable prices but more difficult to achieve full employment.
C. Easier to achieve full employment with stable prices.
D. Easier to achieve economic growth.
Answer: A
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The median voter theorem states that the outcome of a majority vote is likely to represent the preferences of the voter who is in the political middle
Indicate whether the statement is true or false
Human Development Index
- What are the advantages of using a measure such as the to compare economic wellbeing across countries?
- Why might there be some problems is using per capita GDP as a way of comparing economic well being in different countries? As part of your answer, consider the effect of differences in:
- household production
- pollution
- crime
- leisure time
- income distribution
- While the may be a reasonable measure to compare wellbeing in different countries, would it be a very useful guide to policymakers conducting fiscal and monetary policy in a given economy? Why are most government policymakers more concerned with GDP?
Both the unionization and concentration rates are measures of market power.
Answer the following statement true (T) or false (F)
Consider the market for bicycles. If a dealer cuts prices by 10 percent and sells 20 percent more bikes, then demand for bicycles is:
A. inelastic, and total revenue will increase. B. elastic, and total revenue will increase. C. inelastic, and total revenue will decrease. D. elastic, and total revenue will decrease.