A policy maker who is concerned that the unemployment rate is too high would ________.
A. use tariffs to reduce imports and increase net exports
B. increase the minimum wage
C. decrease government spending
D. increase taxes
Answer: A
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The above figure shows the marginal benefit and marginal cost curves for a public good. The quantity that has the best prospect of winning in an election by well-informed voters is
A) A. B) B. C) C. D) zero units supplied.
Unequal pay that is caused by economic discrimination will be due to
A) a noneconomic factor. B) differences in the marginal revenue product. C) a monopolistic labor market. D) difference in human capital.
An example of a public good that is difficult to make excludable is:
A. sewer systems. B. fire protection. C. national defense. D. All of these are nonexcludable public goods.
Which of the following is not included in aggregate demand?
a. purchases of stock and bonds b. purchases of services such as visits to the doctor c. purchases of capital goods such as equipment in a factory d. purchases by foreigners of consumer goods produced in the United States