Which of the following is true?
a. The natural rate of unemployment is present when the economy is operating at full employment.
b. The natural rate of unemployment is equal to the number of persons unemployed divided by the number of persons in the labor force.
c. The natural rate of unemployment is primarily the result of the ups and downs of the business cycle.
d. Public policy cannot influence the natural rate of unemployment.
A
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The quantity supplied by domestic producers in an importing country must be less than the quantity demanded by its population.
Answer the following statement true (T) or false (F)
Advocates of a tax on soda and other sugary drinks argue that such a tax
a. may encourage better nutrition. b. will protect our future selves from the long run negative effects of consuming these drinks. c. is needed because people tend to behave inconsistently over time. d. All of the above are correct.
When there is a price ceiling there will be
A. a shortage. B. a surplus. C. either a shortage or a surplus. D. neither a shortage nor a surplus.
Subsidies for those required to purchase health insurance under the personal mandate provision of the PPACA are:
A. limited to those whose income is less than 133 percent of the federal poverty line. B. limited to those whose income is at or below the federal poverty line. C. provided to some individuals in the upper half of the income distribution. D. a fixed amount per person for those eligible to receive the subsidies.