Government-run employment agencies and public training programs are operated by the government to try to facilitate job search and reduce unemployment
a. Almost all economists agree that such programs are of no use.
b. Almost all economists agree that such programs work very well.
c. Some economists claim that the government can do these things no better than firms and individuals could do them for themselves.
d. Some economists claim that these programs increase frictional unemployment.
c
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Factors likely to cause a financial crisis in emerging market countries include
A) severe fiscal imbalances. B) decreases in foreign interest rates. C) a foreign exchange crisis. D) too strong oversight of the financial industry.
The certainty effect shows that
A) people are overconfident about their choices. B) people prefer certain outcomes to uncertain outcomes even when the expected value of the uncertain outcome is lower. C) people prefer certain outcomes to uncertain outcomes even when the expected value of the uncertain outcome is higher. D) people prefer certain outcomes to uncertain outcomes even when the expected values are the same.
In its case against Microsoft, the government contended that Microsoft engaged in a pattern of predatory behavior designed to extend its monopoly power. This is an example of "per se illegality."
a. True b. False
The labor force includes
A. permanent employees but excludes temporary employees. B. full-time workers but excludes part-time workers. C. employed workers but excludes persons who are officially unemployed. D. employed workers and persons who are officially unemployed.