Attempts to keep the economy always within a hair’s breadth of full employment is called
A. shock absorption.
B. lagging.
C. fine tuning.
D. crowding out.
Answer: C
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The most people live in ________ economies, and the fewest people live in ________ economies
A) developing; emerging market B) advanced; emerging market C) advanced; developing D) emerging market; developing E) developing; advanced
What, if any, is the impact of the CPI bias on government spending?
What will be an ideal response?
If a minimum wage is established, a monopsonist faces
A) an upward sloping supply of labor at all quantities of labor. B) a downward sloping supply of labor at all quantities of labor. C) a horizontal supply of labor at the minimum wage and the upward sloping portion of the labor supply curve above minimum wage. D) a horizontal supply of labor at the minimum wage and the downward sloping portion of the labor demand curve below minimum wage.
A carbon tax placed on a fossil fuel:
A. is a pollution tax based on the carbon content of the fuel. B. is a form of marketable pollution permit. C. is often used in conjunction with command-and-control carbon policies. D. will not change the price of the fossil fuel taxed.