Unemployment insurance
a. reduces the hardship of unemployment, but it also increases the amount of unemployment.
b. reduces the incentive for the unemployed to find and take new jobs.
c. causes workers to be less likely to seek guarantees of job security when they negotiate with employers over the terms of employment.
d. All of the above are correct.
d
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At $5 per cup, customers will buy 8 cups of coffee per week. At a price of $3, consumers are willing to buy 12 cups per week. The elasticity of the market demand curve for coffee between P = $5 and P = $3 (dropping all minus signs) is
A. 0.40. B. 1.0 C. 1.25. D. 0.80.
A payment for a resource above the opportunity cost of the resource is
A) economic rent. B) social rent. C) nominal rent. D) real rent.
Which of the following is not true of tax loopholes?
A. They reduce the progressivity of the federal income tax. B. They encourage particular patterns of behavior. C. They include exemption of interest earned on municipal bonds. D. They reduce excess burdens.
As the federal funds rate rises, the banks’ opportunity cost of holding excess reserves falls.
Answer the following statement true (T) or false (F)