What will be the outcome of a government law requiring employers with more than 100 employees to incur additional employee-related costs?
a. raise the cyclical rate of unemployment
b. lower the cyclical rate of unemployment
c. raise the natural rate of unemployment
d. lower the natural rate of unemployment
c. raise the natural rate of unemployment
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The largest stock exchange in the world is:
a. the Munich Stock Exchange. b. the London Stock Exchange. c. the New York Stock Exchange. d. the Tokyo Stock Exchange. e. the Shanghai Stock Exchange.
When Costa Rica's resources are not fully employed, then relative to its production possibilities curve, the point representing its production position is located
a. somewhere outside (exterior to) the curve b. somewhere along the curve because it still has choice among those production possibilities combinations c. somewhere inside (interior to) the curve d. on a new production possibilities curve that is closer to the origin e. on a new production possibilities curve that is further from the origin
Clarissa notices that her satellite TV signal becomes scrambled whenever there is a major thunderstorm in her area. She concludes that the scrambled satellite signal must be causing the severe thunderstorms. Clarissa is
A. likely correct that there is causation, but the causation is more likely running in the opposite direction in that the severe thunderstorms are the cause of the scrambled satellite signal. B. probably misguided in that there is no apparent correlation or causation in this situation. C. very probably correct in her conclusion that the scrambled satellite is the cause of the thunderstorms. D. definitely confusing correlation with causation.
Critics of a single tax on land oppose the idea because:
A. it would overtax the population. B. changes in land ownership would cause the tax burden to fall unfairly on people who did not receive economic rents. C. it would disproportionately tax the richest members of society. D. it would cause too much land to be brought out of production.