Althea, a brilliant new Ph.D. in economics, has turned down many job offers because she hopes eventually to teach at one of the top 10 universities in her field. The type of unemployment she is experiencing is:
A. frictional.
B. structural.
C. underemployment.
D. cyclical.
Answer: A
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Redistribution programs create a disincentive to work among
A) taxpayers only. B) benefit recipients only. C) both taxpayers and benefit recipients. D) neither taxpayers nor benefit recipients.
In economic terminology, a buyer or seller who cannot affect the market price is called a:
A. price taker. B. price maker. C. price setter. D. price signaler.
Describe the intended effects of the first-time home buyer tax credits granted by Congress and many state governments in 2009 and 2010. In addition, describe in detail the unintended effect of this type of legislation
An economist worrying about the economic impact of environmental regulations would model that impact with
A. an increase in aggregate demand. B. an increase in aggregate supply. C. a decrease in aggregate supply. D. a decrease in aggregate demand.