The increase in the unemployment rate during a recession is associated with which type of unemployment?
A. Structural unemployment
B. Cyclical unemployment
C. Nominal unemployment
D. Frictional unemployment
Answer: B
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What would be the effect on the labor supply curve of a higher income tax rate?
If the rate of job separation equals 2%, and the natural rate of unemployment is 10%, then the rate of job finding equals
A) 5%. B) 16.7%. C) 18%. D) 20%.
Suppose the Environmental Protection Administration (EPA) proposes a change in automobile exhaust systems that reduces the amount of greenhouse gases (GHGs) emitted into the atmosphere, and they estimate that the net present value (NPV) of this
policy change is worth $3 trillion dollars. To form this estimate, the EPA staff members assumed a particular social discount rate and a particular stock dissipation rate for GHGs. What happens to the NPV of this proposed policy if the staff members use a smaller stock dissipation rate? A) NPV increases B) NPV declines C) NPV remains unchanged D) We do not have enough information to answer this question
Annual budgeting of production goals of a division within a firm
a. is an accounting mechanism to plan for the costs and revenues over a time period b. increase the burden on the division when goals rise c. can lead to accumulated inventory when the goals of an upstream division are arbitrarily set too high d. all of the above