Which type of unemployment does not contribute to the natural rate of unemployment?
A. Frictional
B. Real-wage
C. Cyclical
D. Structural
Answer: C
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The tax wedge is the difference between the
A) amount of taxes needed to pay off the national debt and the actual amount of taxes. B) nominal and real interest rates. C) pretax and posttax returns to an economic activity. D) amount of taxes needed to balance the federal budget and the actual amount of taxes.
The inflation tax falls mostly heavily on
a. those who hold a lot of currency and accounts for a large share of U.S. government revenue. b. those who hold a lot of currency but accounts for a small share of U.S. government revenue. c. those who hold little currency and accounts for a large share of U.S. government revenue. d. those who hold little currency but accounts for a small share of U.S. government revenue.
When government intervenes in the production process because external costs exist, it typically attempts to shift the industry's
A. supply curve to the left. B. demand curve to the right. C. demand curve to the left. D. supply curve to the right.
If a corporation compares its compensation and performance-evaluation systems to its competitors' systems, it has engaged in
A. plagiarism. B. specific knowledge enhancement. C. patent infringement. D. benchmarking.