One of the usual policy changes included in an International Monetary Fund prescription is
A. changes in fiscal policy to reduce the government budget deficit.
B. decreased regulation of public sector enterprises.
C. temporary cartels in domestic product markets.
D. increased barriers to imports.
Answer: A
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Frictional unemployment refers to:
A. people who are out of work and have no job skills. B. short periods of unemployment needed to match jobs and job seekers. C. people who spend relatively long periods out of work. D. unemployment related to the ups and downs of the business cycle.
Public Broadcasting reads the names of local contributors on the air. This is likely to ________ the free-rider problem and lead to a ________ level of contribution to the public good.
A. increase; smaller B. increase; larger C. reduce; smaller D. reduce; larger
In the political marketplace, firms do all of the following EXCEPT
A) vote. B) pay taxes. C) evaluate policy proposals of politicians. D) benefit from public goods and services.
Assume that in the market for plasma TVs there is an increase in supply. The result will be:
A) an increase in equilibrium price and quantity. B) a decrease in equilibrium price and quantity. C) an increase in equilibrium quantity and uncertain effect on equilibrium price. D) a decrease in equilibrium price and increase in equilibrium quantity.