Lucy quit her job because she was unhappy at work. Genevieve was fired because she frequently surfed the Internet rather than working on her assigned tasks. Who is eligible for unemployment insurance benefits?
a. both Lucy and Genevieve
b. Lucy but not Genevieve
c. Genevieve but not Lucy
d. neither Lucy nor Genevieve
d
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The primary factor that caused some economists to lose their faith in the Keynesian approach to macroeconomic policy was
A) the high levels of unemployment that occurred during the Great Depression. B) the presence of both high unemployment and high inflation during the 1970s. C) theoretical proof that Keynes's ideas were invalid. D) evidence that Keynes's ideas were useful during economic recessions, but not during economic booms.
A dominant strategy is:
A. when one strategy is chosen by a firm first and determines the best strategies of the other players that follow. B. when one strategy is chosen and cannot be changed without making at least one of the players worse off. C. when one strategy is always the best for a player to choose, regardless of what other players do. D. None of these statements is true.
If firms are required to pay the social costs of a negative externality, they would produce more of the good causing the externality
a. True b. False Indicate whether the statement is true or false
What is the impact on the foreign exchange rate?
a. The euro depreciates in value compared to the U.S. dollar.
b. The dollar price of euros increases from $1.50 to $1.90.
c. The euro can buy a greater number of units of dollars than before.
d. The dollar price of euros decreases from $1.50 to $1.00.