Some argue that Sweden's generous welfare benefits, which pay people who lose their jobs as much as 80 percent of previous incomes for three years, has resulted in too-high unemployment. This can be seen as an example of:
A. government not correcting externalities produced by the market.
B. globalization causing hardworking youth to emigrate.
C. market failure due to unfair conditions produced by the labor market.
D. government failure in fostering a competitive market environment.
Answer: D
You might also like to view...
When considering different tax levels, the revenue-maximizing point will be reached more:
A. slowly when demand is more elastic. B. quickly when demand is more elastic. C. quickly when demand is less elastic. D. quickly if demand is unit elastic.
A measure of the burden of continual deficit financing over time is the ratio of
A. The deficit to the debt. B. The deficit to the GDP. C. Tax revenues to the debt. D. The debt to the GDP.
Which of the following statements accurately describes the U.S. balance of payments in 2017?
a. The balance on goods and services was a positive value.
b. The balance of trade was a positive value.
c. The balance of services was a positive value.
d. The current account balance was a positive value.
Diminishing returns to physical capital suggests that
What will be an ideal response?