The more generous the amount of unemployment benefits, the
A) lower the opportunity cost of job search.
B) shorter the time spent searching for a suitable job and the higher the opportunity cost of being unemployed.
C) shorter the time spent searching until accepting a suitable job.
D) higher the opportunity cost of job search.
E) lower the natural unemployment rate.
A
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Countries that persistently expand the supply of money at a rapid rate can expect to experience
a. high rates of inflation b. rapid economic growth. c. lower interest rates. d. low rates of unemployment.
In terms of purchasing power, the real minimum wage has ________ since 1997.
A. fallen B. stayed the same C. risen
Which of the following government activities is motivated by a concern about efficiency? Check all that apply.
A. Breaking up Standard Oil (which once owned 90% of all oil refineries) into several smaller companies B. Imposing higher personal income tax rates on people with higher incomes C. Providing some poor people with vouchers that can be used to buy food D. Regulating cable TV prices E. Prohibiting smoking in public places F. Instituting laws against driving while intoxicated
If a nation imports more than it exports, then its net exports are:
A. positive. B. negative. C. zero. D. unstable.