When a tariff is imposed, the supply curve for the imported good
A) shifts downward and to the right.
B) shifts upward and to the left.
C) does not change.
D) becomes perfectly inelastic.
B
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The collapse of Enron Corporation is a reminder of the importance of ________
A) moral hazard B) government-directed credit C) energy trading D) transparency
If suppliers expect an increase in price, they will reduce the current supply of a good
a. True b. False
People with less education are:
A. more likely to be unemployed than people with more education. B. less likely to be unemployed than people with more education. C. just as likely to be unemployed than people with more education. D. not comparable to people with more education.
Structural unemployment occurs because
A. new jobs are created, while old jobs cease to be viable. B. there are long-term mismatches between workers skills and jobs available. C. jobs differ in their location, skills required, and working conditions. D. the economy is experiencing a period of unusually low production.