Structural unemployment is unemployment caused by:
a. temporary changes in jobs.
b. discrimination.
c. the time required to match employers and workers.
d. a mismatch between worker skills and employer requirements.
d
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Suppose the University of Oklahoma increases the price of student football tickets for the 2012 season by 30 percent. If the price elasticity of demand for student tickets is 1.22, the price increase leads to
A) a 36.6 percent decrease in the quantity demanded. B) a 30 percent decrease in the quantity demanded. C) a 1.22 percent decrease in the quantity demanded. D) a 28.78 percent decrease in the quantity demanded. E) no change in the quantity demanded.
Which of the following is an example of an oligopolistic market structure?
a. public utilities b. air transport industry c. liquor retailers d. wheat farmers e. none of the above
An increase in the stock of capital in a society is called capital deepening
a. True b. False Indicate whether the statement is true or false
In some cases, tradable pollution permits may be better than a corrective tax because
a. pollution permits allow for a market solution while a corrective tax does not. b. pollution permits generate more revenue for the government than a corrective tax. c. pollution permits are never preferred over a corrective tax. d. the government can set a maximum level of pollution using permits.