Higher unemployment insurance benefits tend to increase unemployment because they
a. reduce the opportunity cost of job search and, hence, increase the search time.
b. increase the opportunity cost of job search and, hence, increase the search time.
c. reduce the opportunity cost of job search and, hence, decrease the search time.
d. increase the opportunity cost of job search and, hence, decrease the search time.
A
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Say's law argues that
I. overproduction is typical in a market economy. II. supply creates its own demand. A) I only B) II only C) Both I and II D) Neither I nor II
Financial crises in advanced economies might start from a
A) debt deflation. B) currency crisis. C) mismanagement of financial innovations. D) currency mismatch.
Transferable pollution rights would allow firms to move into an area that is already as polluted as allowed by EPA standards
a. True b. False Indicate whether the statement is true or false
Which of the following statements about labor union membership is true?
a. The percentage of workers in union jobs has risen sharply. b. The private sector has the highest percentage of union workers. c. The percentage of union workers in the public sector remains high. d. Traditionally, manufacturing industries have had few union members.